Primary Residence

[Gary Wong]

I am a new investor just started couple months ago. I always have the passion for it but just never pulled the trigger. I finally pulled the trigger in December 2014, turning my primary residence into a rental and became a landlord. However, as I learn about the laws of real estate, I never knew the rule of living in the primary residence for a year before renting it out. Initially I thought it wasn't a big issue since I bought the home in June 2011. However I forgot I refinanced the property last year in July. I am wondering if I would get in trouble for already renting out my property? How often do banks check for that? and after waiting for a year, do I need to ask my bank for permission to rent out my property?

I heard from Brandon Turner's book that the loan stays with the mortgage regardless. Do I need to ask them for permission after one year?