Broker and High Cost Disclosures

Posted By: CMSIngenue

Broker and High Cost Disclosures - 08/09/19 08:47 PM

Is the broker also required to provide the High Cost Disclosure with the verbiage required by Section 1026.32(c) or is it sufficient for the lender to provide to borrowers?
Posted By: rlcarey

Re: Broker and High Cost Disclosures - 08/09/19 09:43 PM

The broker is not the creditor.

1026.32(c) Disclosures. In addition to other disclosures required by this part, in a mortgage subject to this section, the creditor shall disclose the following in conspicuous type size: