ARIZONA

Does anyone know of an Arizona law that requires mortgage lenders to provide realtors with updated status on loan files including disclosing non-public borrower information to them? We have a realtor who tried to tell our Loan Officer that it was a "new requirement under TRID" .

Your BS alarm should have gone off. LO response should be (perhaps in more polite terms): "Show me where it says so, and I'll be happy to consider your request." The TRID rule makes no such requirement.

Thanks John. It appears that they have written some "clause" into their contract and scribed a 2 page document (checklist) that requires the lender's signature. We're most likely not going to buy into this as there is a Q & A on the Arizona Association of Realtors website that says the lender's aren't required to complete the form - the buyer can complete a portion and meet their contract requirement. What's next with the realtors?