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Reply To: Purpose change form Purchase to Home Equity

Home Forums Compliance Masters Group (Members Only) Purpose change form Purchase to Home Equity Reply To: Purpose change form Purchase to Home Equity

#12024

kmeade
Participant

Follow up question. In the situation above if the original application says purchase and a lender collected monitoring information would you need to update the application at closing to say home equity and remove the monitoring information? I didn’t know if monitoring information goes on the purpose at the time of application or at the time of closing.