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Early Disclosures on Mortgage Preapprovals

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Question: 
If an applicant is only seeking mortgage preapproval, and has not decided on a specific property to purchase, do we still need to provide a full set of early disclosures?
Answer: 

No, until a property is identified, you do not have an application for RESPA. This also removes the MDIA (P-TIL) requirement.

First published on BankersOnline.com 11/02/09

First published on 11/02/2009

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