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Are termite inspections required on a “Streamline Refinance”?

Inspections streamline refinance termite
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Are termite inspections required on a “Streamline Refinance”?

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A. No. Inspections for Wood destroying insects/organisms are only required if there is evidence of active infestation, mandated by state or local jurisdiction and when termite activity is customary/prevalent in the subjects market or at lenders discretion. See ML-2005-48.

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