This is not legal advice for your situation*

Disclosures

Vermont State Disclosures


No Description DocMagic Package Type Lender
Broker		 Governing Law Rules Format Name Signature Selection
1
Addendum to Residential Mortgage Loan Application
Closing, Pre-Closing, PredisclosureBroker, LenderVt. Stat. Ann. tit. 15, § 1204; VT Banking Bulletin No. 23
This is an addendum for homestead interest
VTARMLA.MSCIndividual, Officer
2
Broker/Prospective Borrower Agreement
Closing, Pre-Closing, PredisclosureBrokerVt. Stat. Ann. tit. 8, § 2219; VT ADC 21 010 008
Give before mortgage broker takes any fee or collects any charges or at the time the prospective borrower submits a signed application.
VTBPBA.MSCIndividual, Officer
3
High Rate, High Point Disclosure
Closing, Pre-Closing, PredisclosureBroker, LenderVt. Stat. Ann. tit. 9, § 104; VT ADC 021 010 011 § 3
Points and fees > 4% or interest > 3% above Declared Rate.
VTHRHP.DSCIndividual, Officer
4
Loan Commitment
Closing, PredisclosureLenderVT ADC 021 010 010 § 4; VT ADC 021 010 010 § 5
1st-Lien Loan; Owner-Occupied or 2nd Home; must be delivered to borrower no less than 24 hours prior to closing.
VTLC.MSCIndividual, Officer
5
Mortgage Lender Disclosure
PredisclosureBroker, LenderVt. Stat. Ann. tit. 8, § 2220
Give in advance of taking any fee or collecting any charges for a mortgage loan, or at the time the prospective borrower submits a signed application.
VTDRBML.MSCIndividual, Officer



*This article is distributed to provide general information about the subject matter covered and should not be utilized as a substitute for professional advice in specific situations. If you require such advice, please consult with your own professional advisers.


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