Hello Dan,
The Departments stance is if the lender is conducting residential lending, and complying with the all Federal loan fee mortgage disclosure requirements. The Lender is in compliance with North Dakota Code 13-05-01-02 Contracts to be in Writing. In such cases the mortgage broker fee disclosure is not required, because the federal disclosures take it’s place.
The Departments stance is if the lender is conducting residential lending, and complying with the all Federal loan fee mortgage disclosure requirements. The Lender is in compliance with North Dakota Code 13-05-01-02 Contracts to be in Writing. In such cases the mortgage broker fee disclosure is not required, because the federal disclosures take it’s place.