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Liability on Foreclosure Disclosure on LE & CD

Home Forums Truth in Lending/ Regulation Z Liability on Foreclosure Disclosure on LE & CD

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  • #32422
    Vicki Kramer
    Participant

    Hi. Our borrower has a construction loan that he needs to renew (because it has matured) and get additional money to finish up construction. Is the Liability after Foreclosure disclosure required on the LE & CD for this one? Our processor can’t get it on the LE today. We’ve had another one like this this year that it didn’t print on LE but it did on CD. Thanks in advance for your help!

    #32423
    rcooper
    Keymaster

    I think this blog article that Jack put together will answer your questions. It breaks down the requirement for the LE and the CD.

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