Informed Consumer Choice Disclosure Notice

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Informed Consumer Choice Disclosure Notice

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jkenny

Posted 2/20/2008 6:47:17 AM

Junior Member

Group: Forum Members
Last Login: 2/20/2008 6:43:10 AM
Posts: 14, Visits: 89

We had a auditor notice an error on the Informed Consumer Choice Disclosure Notice form provided by Calyx - Form ccdisc.frm dated 1/01 - The last statement reads as follows:

If you were NOT (Not is in Italics) charged a up-front premium, as for example on condominiums, you will pay the monthly premium for the life of the mortgage.

Condos for FHA now do pay the upfront, so this statement needs to be removed.

Can this form be fixed and posted to the support website? Thanks.

Jeff Kenny
Jersey Mortgage Company
jkenny@jerseymortgage.com
(908) 276-2442, Ext. 324

Post #6433

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