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Regs for a Home Secured Business Loan

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Question: 
I have a borrower who would like to use his primary residence as collateral for a business line of credit in the business' name. Does TRID apply or any other regulations if its a business purpose?
Answer: 

These are the 3 major Federal Regs

Reg B
Flood
HMDA (if you are required to report lines of credit)

First published on 11/13/2022

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