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#1887642 - 01/16/14 07:11 PM Appendix A to Part 1007- question
MHolman Offline
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Joined: Jan 2014
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Our compliance department is currently working on our S.A.F.E. Act audit and we can not seem to understand what the following means when discussing providing a disclosure...

In Appendix A to Part 1007- Examples of Mortgage Loan Originator Activities, in section (b)(1)(i)

Presenting a loan offer to a consumer for acceptance, either verbally or in writing, including, but not limited to, providing a disclosure of the loan terms after application under the Truth in Lending Act, even if:...

We are just curious about a few of our employees and need to know what exactly providing a disclosure means.
Any help would be appreciated.

Thank you!
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Megan Holman
Compliance Assistant

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#1887659 - 01/16/14 07:28 PM Re: Appendix A to Part 1007- question MHolman
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,228
Galveston, TX
Employee: "Here are your early disclosures"

[Hands to customer]
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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