AFFIDAVIT OF OCCUPANCY
Applicant(s) hereby certify and acknowledge that, upon taking title to the real property described above, their occupancy status will be as follows:
Primary Residence – Applicant(s)shall occupy, establish, and use the Property as Applicant(s) principal residence within 60 days after closing and shall continue to occupy the Property as Applicant(s) principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower’s control.
Secondary Residence – To be occupied by Applicant(s) at least 15 days yearly, as second home (vacation, etc.), while maintaining principal residence elsewhere.
Investment Property – Not owner occupied. Purchased as an investment to be held or rented.
The Applicant(s) acknowledge it is a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statement concerning this loan application as applicable under the provisions of Title 18, United States Code, Section 1014.
APPLICANT INITIALS:
FHA LOANS ONLY
IF YOU PREPAY YOUR LOAN ON OTHER THAN THE REGULAR INSTALLMENT DATE, YOU MAY BE ASSESSED INTEREST CHARGES UNTIL THE END OF THAT MONTH. For all FHA mortgages closed on or after January 21, 2015. mortgagees may only charge interest through the date the mortgage is paid in full.
GOVERNMENT LOANS ONLY
RIGHT TO FINANCIAL PRIVACY ACT OF 1978 – This is a notice to you as required by the Right to Financial Privacy Act of 1978 that the Department of Housing and Urban Development or Department of Veterans Affairs has a right of access to financial records held by a financial institution in connection with the consideration of administration of assistance to you. Financial records involving your transaction will be available to the Department of Housing and Urban Development or Department of Veterans Affairs without further notice or authorization but will not be disclosed or released to another Government agency or Department without your consent except as required or permitted by law.
EQUAL CREDIT OPPORTUNITY ACT
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal Agency that administers compliance with this law concerning this company is the Office of the Comptroller of the Currency, Customer Assistance Group, 1301 McKinney Street, Suite 3710, Houston, Texas 77010
We are required to disclose to you that you need not disclose income from alimony, child support or separate maintenance payment if you choose not to do so.
Having made this disclosure to you, we are permitted to inquire if any of the income shown on your application is derived from such a source and to consider the likelihood of consistent payment as we do with any income on which you are relying to qualify for the loan for which you are applying.
APPLICANT INITIALS:
PATRIOT ACT INFORMATION DISCLOSURE
APPLICANT NAME:
CO-APPLICANT NAME:
PRESENT ADDRESS:
MAILING ADDRESS:
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
I/we acknowledge that I/we received a copy of this disclosure.
FACTS | What Does Premium Lending, LLC Do With Your Personal Information?:
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also required us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
Social Security Number and Income
employment information and credit history
When you are no longer our customer, we continue to share your information as described in this notice.
All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Premium Lending, LLC chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
Does Premium Lending, LLC share?
Can you limit this sharing?
For our everyday business purposes —
such as to process your transactions, maintain your account(s), responds to court orders and legal investigations, or report to credit bureaus
For our marketing purposes —
to offer our products and services to you
For joint marketing with other financial companies
For our affiliates’ everyday business purposes —
information about your transactions and experiences
For our affiliates’ everyday business purposes —
information about your creditworthiness
For our affiliates to market to you
For non-affiliates to market to you
Call 602-258-0470 or go to www.premiumlendingllc.com
Who is providing this notice?
Premium Lending, LLC
141 E. Palm Ln Suite 202
Phoenix AZ 85004
WHAT WE DO
How does Premium Lending, LLC protect my personal information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does Premium Lending, LLC collect my personal information?
We collect your personal information, for example, when you:
• apply for a loan or give us your contact information
Why can’t I limit all sharing?
Federal law gives you the right to limit only:
sharing for affiliates’ everyday business purposes – information about your
creditworthiness
affiliates from using your information to market to you
sharing for non-affiliates to market to you
State Laws and individual companies may give you additional rights to limit sharing.
DEFINITIONS
Affiliates:
Companies related by common ownership or control. They can be financial and non-financial companies.
Non-affiliates:
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
Joint marketing:
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
THE RIGHT TO RECEIVE APPRAISAL
We may order an appraisal to determine the property’s value and charge you for this appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close. You can pay for an additional appraisal for your own use at your own cost.
SERVICING DISCLOSURE STATEMENT
Originator:
Premium Lending, LLC
141 E Palm Ln Suite 202
Phoenix, AZ 85004
Date:
NOTICE TO FIRST LIEN MORTGAGE LOAN APPLICANTS: THE RIGHT TO COLLECT YOUR MORTGAGE LOAN PAYMENTS MAY BE TRANSFERRED.
You are applying for a mortgage loan covered by the Real Estate Settlement Procedures Act (RESPA) (12 U.S.C. 2601 et seq.). RESPA gives you certain rights under Federal law. This statement describes whether the servicing for this loan may be transferred to a different loan servicer.
“Servicing” refers to collecting your principal, interest, and escrow payments, if any, as well as sending any monthly or annual statements, tracking account balances, and handling other aspects of your loan. You will be given advance notice before a transfer occurs.
We may assign, sell or transfer the servicing of your loan while the loan is outstanding.
We do not service mortgage loans of the type for which you applied. We intend to assign, sell, or transfer the servicing of your mortgage loan before the first payment is due.
The loan for which you have applied will be serviced at this financial institution and we do not intend to sell, transfer, or assign the servicing of the loan.
Acknowledgment of Mortgage Loan Applicant(s)
I/We have read and understood the disclosure, and understand that the disclosure is a required part of the mortgage application as evidenced by my/our signature(s) below;