My dad and I are both on the mortgage and deed to my house, and he lives elsewhere. Would I have any way of stopping him from using my house as collateral on a personal loan application?
If you reside in the home and you are an owner, under banking Regulation Z you would have to allow the home to be pledged as collateral before a lender could take a valid lien. You would be given an opportunity to rescind the loan, meaning it gets reversed. The banking lingo page describes rights of rescission.
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