[SVaught0816]

We are an Illinois/Indiana based bank and are working on a loan in Oklahoma. Are we still covered as allowing our borrower to shop if our listed contained service providers where they currently live in Indiana but not Oklahoma? I know the regulation says “the creditor does not comply if it provides a written list consisting of only settlement service providers that are no longer in business or that do not provide services where the consumer or property is located”. I’m hoping that “consumer or property is located” is our saving grace.

[jholzknecht]

You may be OK based on ” where the consumer or property is located” but the provider listed needs to be able to perform the service. For example, would a title company in Indiana provide a title policy for a property located in Oklahoma? If not that would be a problem.

[Author]

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