TRID Sales Price: Multiple Properties

Question: What do you use for the Sale Price if the customer is taking out one loan to buy two different pieces of property that will both secure the loan?BSA Training and Banking Regulations Compliance Consulting AdobeStock 246236254 300x200 - TRID Sales Price: Multiple Properties

 

 

Answer:  All properties that secure the loan and are being purchased as part of the transaction should be included in the total Sale Price disclosed.

 

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Published
2019/06/12

 

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