Banker's Compliance Consulting Blog

TRID Training and Consulting - TRID Sales Price: Multiple Properties

Written by Jerod Moyer | Jun 12, 2019 12:06:11 PM

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?

 

 

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.

 

Join us for the TRID For Beginners Webinar on July 11, 2019. We will answer all the questions submitted during the live webinar, in writing.

Learn more about TRID Compliance here. 

 

Register NOW!

 

Published
2019/06/12

 

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