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committment letters for Temp Construction loans

Home Forums Real Estate Settlement Procedures Act/ Regulation X committment letters for Temp Construction loans

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  • #5853
    Lexegay
    Participant

    Does Committment letters for Temporary personal construction loans require an expiration date?

    #5854
    rcooper
    Keymaster

    I don’t know of anything that would required, but I think most banks use expiration dates in order to protect themselves.

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