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BankersOnline.com Forums State-Specific Compliance Issues Tennessee Application Balloon Disclosure
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#2253565 - 05/06/21 03:59 PM Application Balloon Disclosure
Comply Central Offline
Member
Joined: Aug 2018
Posts: 92
Does Tennessee require an Application Balloon Disclosure for balloon mortgage loans?

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#2253568 - 05/06/21 04:02 PM Re: Application Balloon Disclosure Comply Central
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
None of which I am aware. Is this just a shot in the dark or did you see something that would lead you to believe there is a requirement?
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2253570 - 05/06/21 04:07 PM Re: Application Balloon Disclosure Comply Central
Comply Central Offline
Member
Joined: Aug 2018
Posts: 92
No, I couldn't find anything that implied it was required. It just prints with our loan documents. I was considering turning the parameter off for it, but wanted to make sure we didn't need it before I did. Thank you for your help!

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#2253571 - 05/06/21 04:09 PM Re: Application Balloon Disclosure Comply Central
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,370
Galveston, TX
I would be asking your LOS provider why it prints - they usually do not filter in documents without a specific reason.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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