Reg. B Valuations - What loans are not covered by the ECOA Valuations Rule?

Compliance > Regulation B - ECOA
Q:  What loans are not covered by the ECOA Valuations Rule?

A:  The ECOA Valuations Rule does not cover second liens and other subordinate loans and loans that are not secured by a dwelling (such as loans secured solely by land).


This can be found in the CFPB's ECOA Valuations Rule, Small Entity Compliance Guide - http://www.consumerfinance.gov/regulatory-implementation/
 

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