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Recission and Manufactured Housing

Home Forums Truth in Lending/ Regulation Z Recission and Manufactured Housing

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by JGo9.
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  • #2487
    chichi63
    Member

    We are doing a loan on a parcel of land (not purchase money) where a customer has a mobile home which is his primary residence. The mobile home has not been “converted” to real estate. We are not taking a lien on the mobile home. Does recission apply?

    #2776
    JGo9
    Participant

    If you are not taking their principal dwelling as collateral then ROR does not apply. It sounds like you are not taking the principal dwelling to me.

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