Can I Legally do This?

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Posted by Greg on June 03, 2004 at 21:44:08:

I have an opportunity to make a short term 2nd position loan (nice home, plenty of equity behind the new proposed note; solid borrower, but I would be happy to take the property if it came to that) to the homeowner, with a nice yield. Question is, as a private party, one-time lender, are there any lending rules and regulations that I need to be aware of, like 3 day recission, truth in lending, or others??

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