A new disclosure, the Texas Notice of Penalties for Making False or Misleading Written Statement (File name: TXNOP.MSC), has been added to the Texas disclosure matrix pursuant to H.B. No. 716.  H.B. No. 716, which becomes effective on September 1, 2007, was enacted to prevent mortgage fraud and provide for criminal penalties for those persons found guilty of committing such fraud.   

This disclosure will return in all Texas closing packages when the origination type is either lender or broker, the occupancy status is owner-occupied, and the property type is any type, except commercial property, vacant land or lots, and multi-family (5+ Units) property.

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