Disclosures


Applicant(s):  

Property Address:  

 

 

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:

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:  

ANTI-COERCION STATEMENT

The insurance laws of this state provide that the lender may not require the applicant to take insurance through any particular insurance agent or company to protect the mortgaged property. The applicant, subjected to the rules adopted by the Insurance Commissioner, has the right to have the insurance placed with an insurance agent or company of his choice, provided the company meets the requirement of the lender. The lender has the right to designate reasonable financial requirements as to the company and the adequacy of the coverage.

I have read the foregoing statement, or the rules of the Insurance Commissioner relative hereto, and understand my rights and privileges and those of the lender relative to the placing of such insurance.
I have selected the following agencies to write the insurance covering the property described above:

Insurance Company Name:  

Agent’s Address:  

Agent:  

Agent’s Telephone Number:  

APPLICANT INITIALS:  

FAIR CREDIT REPORTING ACT

An investigation will be made as to the credit standing of all individuals seeking credit in this application. The nature and scope of any investigation will be furnished to you upon written request made within a reasonable period of time. In the event of credit denial due to an unfavorable consumer report, you will be advised of the identity of the Consumer Reporting Agency making such report and of your right to request within sixty (60) days the reason for the adverse action, pursuant to provisions of section 615(b) of the Fair Credit Reporting Act.

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.

APPLICANT INITIALS:  

EQUAL CREDIT OPPORTUNITY ACT

APPLICATION NO:  

PROPERTY ADDRESS:  

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.

APPLICANT INITIALS:  

FACTS | What Does Premium Lending, LLC Do With Your Personal Information?:

 

Why?

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.

What?

 

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.

How?

 

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

 

Yes

We Don’t Share

For our marketing purposes —

to offer our products and services to you

 

No

We Don’t Share

For joint marketing with other financial companies

 

No

We Don’t Share

For our affiliates’ everyday business purposes —

information about your transactions and experiences

 

Yes

We Don’t Share

For our affiliates’ everyday business purposes —

information about your creditworthiness

Yes

We Don’t Share

For our affiliates to market to you

 

No

We Don’t Share

For non-affiliates to market to you

 

No

We Don’t Share

 

Questions?

 

Call 602-258-0470 or go to www.premiumlendingllc.com

 

WHO WE ARE

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

Loan #:  

Date:

Lender: Premium Lending, LLC

Borrower:

Property Address:  

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.

APPLICANT INITIALS:  

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.

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;

 

APPLICANT INITIALS:  

 

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Premium Lending LLC https://premiumlendingllc.com
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Document name: Disclosures
Unique Document ID: 6842c55806a6c582c85849d06bdbb80bafdde872
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June 4, 2019 5:30 pm MSTDisclosures Uploaded by Jacob Greenberg - jakegreenberg22@gmail.com IP 213.127.33.116