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Jack,
You taught me (well, everyone you have taught if they recall) that Section 125 of TILA requires everyone who is borrowing money and securing it by their primary residence to be given right of rescission – even if they do not have an ownership interest.
That has meant that if John Doe was renting his home and decided to buy it, I have always insisted that we give him ROR.
Is this still your stance? Did I remember correctly at all? Has anything changed? Thank you (I’m catching flack and need some reassurance please).
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