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 -

Add Feedback