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Maryland Disclosure Page 1 of 1 3 October2013
MARYLAND APPLICATION DISCLOSURE
Borrower: Loan Number:
Co-Borrower: Date Prepared:
Subject Property:
Company:
Maryland law requires that we, the above-named mortgage lender or mortgage broker, make the following disclosure to you:
1. SETTLEMENT SERVICES:
Your lender regularly imposes fees on borrowers for settlement or document review services
performed by an attorney, title insurance company or other person designated by the lender.
You have the right to employ an attorney or title insurance company of your choice to perform a
title search, examination of title, or closing. To exercise this right, you must notify your lender,
within seven (7) days after application for your loan, of the name and business address of your
choice of attorney or title insurance company. Your lender may reject the attorney or title
insurance company of your choice for good cause within seven (7) days after the lender's receipt
of your election notice.
Regardless of who performs these settlement or document review services, the attorney or title
insurance company may perform services for the benefit of the lender and you may be required
by the lender to pay all or a portion of the cost of such services at or prior to closing. A good
faith estimate of the fee or fees to be charged has been provided to you in a separate document.
2. PROCESSING YOUR LOAN APPLICATION
We will keep you generally informed of the progress of the processing of your loan application
in the event that problems arise in the processing or underwriting of your loan which may delay
closing.
We cannot guarantee that your loan application will be accepted into a particular loan program
MD COML §§ 12-119, 12-120; 12-1028
ACKNOWLEDGMENT
Each of the undersigned acknowledges receipt of Maryland Application Disclosure.
Borrower
Borrower’s Signature Date
Co-Borrower
Co-Borrower’s Signature Date
Co-Borrower
Co-Borrower’s Signature Date
Mortgage Loan Originator Phone:
Broker: Lender:
Address: Address:
Maryland Disclosure Page 1 of 1 3 October2013
MARYLAND DISCLOSURE OF FEES TO BE PAID BY SELLER
Borrower: Loan Number:
Co-Borrower: Date Prepared:
Subject Property:
Company:
Pursuant to MD Regs. Code tit. 9, § 03.06.09(C)
As a condition of obtaining an extension of credit from the lender, the real estate seller, or someone
other than yourself, must pay the following fees:
Description of Fee Amount Paid BY
1. $
2. $
3. $
4. $
5. $
It is your responsibility to inform the real estate seller of these fees. The loan will not be made unless
the real estate seller, or someone other than yourself, pays these fees.
ACKNOWLEDGMENT
I/We have read the above document and acknowledge receiving a copy by signing below.
Borrower Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Seller/Real Estate Agent: Phone:
Seller/Real Estate Agent: Phone:
Mortgage Loan Originator Phone:
Broker: Lender:
Address: Address:
MARYLAND FINANCING AGREEMENT
Borrower: Loan Number:
Co-Borrower:
Date Prepared:
Subject Property:
Company:
The following terms will apply to the loan you have applied for, if your application is approved:
Loan term: Principal Loan Amount:
Interest Rate: Type of Mortgage:
This rate is subject to change
This rate is a variable rate
This rate is subject to final determination at a future date based on:
Points (if applicable) to lender:
Points are to be paid by the borrower
Points are to be paid by the seller
Points are to be paid by both the borrower and the seller
The terms of this financing agreement remain in effect from to .
No decision has been made concerning the approval or disapproval of your loan application, and this
financing agreement is not a commitment to make a loan to you. Approval of your loan application
will be contingent upon the satisfaction of all our underwriting requirements.
The terms of your loan are subject to change between the date of this financing agreement and the
issuance of a commitment letter by the lender.
ACKNOWLEDGMENT
I/We acknowledge receipt of this financing agreement within ten (10) business days after completion
of the loan application. I/We understand the provisions of this financing agreement.
Borrower
Borrower’s Signature Date
Co-Borrower
Co-Borrower’s Signature Date
Co-Borrower
Co-Borrower’s Signature Date
Mortgage Loan Originator Phone:
Broker: Lender:
Address: Address:
Maryland Disclosure Page 1 of 1 3 October2013
MARYLAND LENDER ATTORNEY’S FEE DISCLOSURE
Borrower: Loan Number:
Co-Borrower: Date Prepared:
Subject Property:
Lender/Company:
Md. Com. Law § 12-120(b)
Under Maryland law, the lender may require you to pay for services rendered by the lender's attorney in
connection with your mortgage loan only if:
The attorney's fee is limited to legal services attributable to processing and closing the loan and
not to unrelated services performed by the attorney for the lender;
The amount of the attorney's fee is reasonable based on the legal services performed; and
The attorney's fee is separately itemized on the loan settlement sheet and identified as a fee to the
lender's attorney.
Additionally, if the attorney's fee is greater than $100, it must be supported by a statement provided to
you at or prior to settlement that describes the services performed, sets forth the time spent by the
attorney and the hourly rate or other basis for determining the fee, states that the legal services are
performed on behalf of the lender and not on behalf of the borrower, and states that you are paying for
the services.
ACKNOWLEDGMENT
By signing below, I/we acknowledge that I/we have read and received a copy of this document.
Borrower Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Mortgage Loan Originator Phone:
Broker: Lender:
Address: Address:
Maryland Disclosure Page 1 of 2 3October2013
MARYLAND MORTGAGE BROKER AGREEMENT AND DISCLOSURE
Borrower:
Loan Number:
Co-Borrower:
Date Prepared:
Property Address:
Mortgage Broker:
NMLS #:
Broker Address:
Maryland law requires this agreement to be executed prior to the time we collect a fee for acting as a
mortgage loan broker or perform any mortgage brokerage services on your behalf. We are not a
mortgage lender and we do not provide credit.
MD COML § 12-805
WE WILL PROVIDE THE FOLLOWING SERVICES IN CONNECTION WITH YOUR LOAN
Assist you in completing the loan application for the type of loan you are seeking.
Inform you of the various types of loan programs available and the terms of such loans.
Analyze your income and debt and pre-qualify you to determine the maximum mortgage
loan you could afford.
Assist the lender in originating and underwriting the loan by obtaining and verifying
information needed by the lender to evaluate your loan application, including credit reports,
appraisal reports, employment verifications, and deposit verifications.
Coordinate with you and the lender in fulfilling conditions to your loan approval and in
preparing for loan closing, if your loan application is approved.
Other (describe):
FOR OUR SERVICES
We will receive a loan application fee of $ .
We will receive $ or % of the loan directly from
the loan closing (if any) or following the rescission period (for loans which qualify for
rescission under the Federal Truth-in-Lending Act).
We will receive from the lender compensation in the amount of $
or % of the loan at loan closing (if any) or following the rescission
period (for loans which qualify for rescission under the Federal Truth-in-Lending Act), based
on our arrangement with the lender.
In no event shall the cost of these services exceed $ . Such amounts shall
include all compensation paid to us whether directly or indirectly.
Please Initial: Borrower Borrower Borrower
Maryland Disclosure Page 2 of 2 3October2013
Loan Number:
REFUNDABILITY
The application fee deposit made by you was used to pay third party fees incurred on your behalf for a
property appraisal or credit report. Any third party fees collected in excess of the actual costs will be
refunded to you.
If for any reason the mortgage loan application you submit does not result in a loan closing, you will
not be required to pay us for our services other than an application fee. If your loan is subject to the
right of rescission under the Federal Truth-in-Lending Act and you exercise that right, within 20
calendar days the lender must return any money you have given to anyone in connection with the
transaction. If any money has been paid from loan proceeds and you later rescind, you understand the
money will be refunded to the lender.
If you agree to the terms and conditions stated above, this agreement will be in effect from the date of
this agreement until
Broker / Mortgage Loan Originator Signature Date
NMLS # / Maryland License #
ACKNOWLEDGMENT
By signing below, borrower(s) agree(s) to the terms and conditions of this agreement and
acknowledges receipt of this Mortgage Broker Agreement.
Borrower Borrower’s Signature
Date
Co-Borrower Co-Borrower’s Signature
Date
Co-Borrower Co-Borrower’s Signature Date
NTBW Page 1 of 2 Rev. 23April2013
MARYLAND NET TANGIBLE BENEFIT WORKSHEET
Borrower:
Loan Number:
Co-Borrower:
Date Prepared:
Subject Property:
S T A T E O F M A R Y L A N D
COMMISSIONER OF FINANCIAL REGULATION
500 North Calvert Street, Suite 402
Baltimore, Maryland 21202
This Net Tangible Benefit Worksheet has been prescribed by the Commissioner of Financial Regulation
in conformity with COMAR 09.03.06.20 and COMAR 09.03.09.04 (Duty of Care). Persons complying
with these regulations shall use a form substantially similar to this form.
All information must be typed or printed.
This form shall be maintained in the broker/lender licensee’s loan files pursuant to COMAR 09.03.06.04 “Records”.
Mortgage Originator Name:
Employer:
MD License #:
Business Address
City:
State: Zip code:
Direct Tel #:
Toll Free #:
Fax Number:
Email:
Lender Name:
MD License #:
Business Address
City:
State: Zip code:
Direct Tel #
Toll Free #:
Fax Number:
Email:
Broker Name:
MD License #:
Business Address
City: State: Zip code:
Direct Tel # Toll Free #:
Fax Number: Email:
I/We, the undersigned borrower(s), plan to enter into a transaction which refinances one or more existing loans
with a new mortgage loan secured by my/our home located at:
Address: City:
State:
Zip code:
Please Initial: Borrower Borrower
NTBW Page 2 of 2 Rev. 23April2013
I/we acknowledge that:
I/We understand the costs associated with the new loan;
The new loan may have different terms (including duration of term and rate of interest) than
my/our existing loan(s); and,
The new loan will provide a reasonable, tangible net benefit to me/us after taking into account
the terms of both the new and existing loan(s), the cost of the new loan, and my/our particular
circumstances.
By refinancing my/our existing loan(s), the following benefits apply to me/us (each borrower should
initial any benefit that applies):
Obtaining a lower interest rate.
Obtaining a lower monthly payment, including principal, interest, taxes, and insurance.
Obtaining a shorter amortization schedule.
Changing from an adjustable rate to a fixed rate.
Eliminating a negative amortization feature.
Eliminating a balloon payment feature.
Receiving cash-out from the new loan in an amount greater than all closing costs incurred in
connection with the loan.
Avoiding foreclosure.
Eliminating private mortgage insurance.
Consolidating other existing loans into a new mortgage loan.
Other (please specify):
I/We have considered the terms of both the existing and new loan, the cost of the new loan, and my/our personal
circumstances.
I/We believe the overall benefits of the new loan make the new loan beneficial to me/us for the reason or reasons
identified above.
By signing below, I/we certify that I/we have read and I/we understand this Net Tangible Benefits Worksheet.
Borrower Name
Borrower Signature Date:
Co-Borrower Name
Co-Borrower Signature Date:
Borrower Name
Borrower Signature Date:
Maryland Disclosure Page 1 of 1 3 October2013
MARYLAND NON-ESCROW ACCOUNT DISCLOSURE
Borrower: Loan Number:
Co-Borrower: Date Prepared:
Subject Property:
Lender/Company:
Waiving Escrow Account
YOU ARE RESPONSIBLE FOR PROPERTY TAX AND HOMEOWNER’S
INSURANCE PAYMENTS IN ADDITION TO YOUR REGULARLY SCHEDULED
PERIODICMORTGAGE LOAN PAYMENT:
The terms of your mortgage loan do not provide for the establishment of an escrow account from which
your property taxes and homeowner’s insurance will be paid. This means that your regularly scheduled
periodic mortgage loan payment does not cover these sums and you are responsible for paying property
taxes and homeowner’s insurance premiums when the bills arrive. You will need to consider your ability
to pay these taxes and insurance amounts in addition to paying your regularly scheduled periodic
mortgage loan payment.
ACKNOWLEDGMENT
I/we have read the above document and acknowledge receiving a copy by signing below.
Borrower Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Borrower
Borrower’s Signature Date
Mortgage Loan Originator Phone:
Broker: Lender:
Address: Address:
Maryland Disclosure Page 1 of 3 3 October2013
MARYLAND RIGHT TO RECEIVE HOUSING COUNSELING
Borrower:
Loan Number:
Co-Borrower:
Date Prepared:
Subject Property:
Company:
Maryland Department
of Housing and
Community Development
IMPORTANT NOTICE REGARDING HOUSING COUNSELING
You are receiving this notice because you have applied for a Maryland residential mortgage
loan secured by a first lien. In applying for and entering into a mortgage loan you will be required
to sign complex legal documents. You should be certain that you understand the terms of the loan
being offered to you in these documents before you commit in writing. If you do not pay the loan
according to its terms, you could lose your home.
BE ADVISED: The State of Maryland recommends that all residential
mortgage loan applicants receive home-buyer education or housing counseling
from a nonprofit or government agency before signing any documents that
commit them to a loan.
Home-buyer education or housing counseling may be provided face-to-face or over the
telephone. Set forth below is a list prepared by the Maryland Department of Housing and Community
Development of nonprofit and government agencies that provide home-buyer education or housing
counseling.
See attached
List of Nonprofit and Government Agencies
Offering Home-Buyer Education or Housing Advice
Please Initial: Borrower Co-Borrower
Maryland Disclosure Page 2 of 3 3 October2013
Agency Name Phone/ Website Address Languages
Anne Arundel County Community Action Agency, Inc.
410-626-1900 www.aaceoc.com
251 West St, P.O. Box 1951 Annapolis, MD 21404
English Spanish
Arundel Community Development Service Inc
410-222-7600 www.acdsinc.org
2666 Riva Road, Suite 210 Annapolis, MD 21401
English Spanish
Affordable Housing Centers Of America, Baltimore, MD
410-433-9790 www.ahcoa.org
5640 Midwood Ave, First Floor Baltimore, MD 21212
English Spanish
Belair - Edison Neighborhoods, Inc. 410-485-8422 belair-edison.org
3412 Belair Road Baltimore, MD 21213 English
Bon Secours 410-383-4710 26 N. Fulton Ave Baltimore, MD 21223
English
CCCS of Maryland And Delaware - Catonsville Office
800-640-2227 www.cccs-inc.org
757 Frederick Rd. Baltimore, MD 21228
English
CCCS Of Maryland And Delaware 866-731-8486 www.cccs-inc.org
757 Frederick Rd. Baltimore, MD 21228
English
CCCS Of Maryland And Delaware – Brooklyn Park Office
800-640-2227 111.cccs-inc.org
5410 Ritchie Hwy. Baltimore, MD 21225
English
CCCS Of Maryland And Delaware - Essex Office
800-640-2227 www.cccs-inc.org
408 Eastern Blvd. Baltimore, MD 21221
English
CCCS Of Maryland And Delaware - Parkville Office
800-640-2227 www.cccs-inc.org
7905B Harford Rd. Baltimore, MD 21234
English
Druid Heights Community Development Corp.
410-523-1350 www.druidheights.com
2140 McCulloh Street Baltimore, MD 21217-3529
English
Eastside Community Development Corp. 410-284-9861 www.eastsidecdc.org
7835 Eastern Ave, Ste. 302 Baltimore, MD 21224
English
Garwyn Oaks Northwest Housing Resource Center, Inc
410-947-0084 www.go-northwesthrc.org
2300 Garrison Blvd, Ste 140 Baltimore, MD 21216
English
Greater Baltimore Urban League 410-523-8150-247 www.bul.org
512 Orchard St Baltimore, MD 21201-1947
English
Harbel Housing Partnership 410-444-9152 www.harbel.org
5807 Harford Rd. Baltimore, MD 21214
English
NACA (Neighborhood Assistance Corp Of America) Baltimore, MD
410-783-0465 www.naca.com
1 East Mount Royal Ave Baltimore, MD 21202
English
Neighborhood Housing Services Of Baltimore,
410-327-1200 www.nhsbaltimore.org
819 Park Ave Baltimore, MD 21201
English
Oliver Economic Development Corp 443-388-9809 1400 E Federal St Baltimore, MD 21213
English
Southeast Community Development Corp 410-342-3234 www.southeastcdc.org
3700 Eastern Ave Baltimore, MD 21224
English Spanish
St. Ambrose Housing Aid Center, Inc. 410-366-8550 www.stambros.org
321 East 25th Street Baltimore, MD 21218-5303
English French
The Development Corp Of Northwest Baltimore
410-578-7190 3521 West Belvedere Ave Baltimore, MD 21215-5802
English
CCCS Of Maryland And Delaware – Bel Air Office
800-640-2227 www.cccs-inc.org
1202 Agora Dr. Bel Air, MD 21014
English
Harford County Housing Agency 410-638-3045 www.harfordcountymd.gov
15 South Main Street, Ste 106 Bel Air, MD 21014
English Spanish
United Communities Against Poverty 301-322-5700 www.ucappgc.org
1400 Doewood Lane, Capitol Heights, MD 20731-0356
English
Cumberland Neighborhood Housing Services, Inc
301-722-6958 www.cumberlandnhs.org
400 N Mechanic St Cumberland, MD 21502
English
Mission Of Peace 810-232-0104 www.missionofpeace.com
6045 Fenton Ave Dearborn Heights, MD 48127
English
CCCS Of Maryland And Delaware – Easton Office
800-640-2227 www.cccs-inc.org
219 Marlboro Rd. Easton, MD 21601
English
Please Initial:
Borrower Co-Borrower
Maryland Disclosure Page 3 of 3 3 October2013
Cecil County Housing Agency 410-996-8216 200 Chesapeake Blvd. Ste 1800 Elkton, MD 21921
English
Frederick Community Action Agency 301-600-1506 www.cityoffrederick.com/depar tments/CAA/Agency.htm
100 S Market St Frederick, MD 21701-5527
English Spanish
Money Management International - Frederick
800-747-4222 www.moneymanagement.org
1003 West 7th St., Ste. 404 Fredrick, MD 21701
English Spanish
Maryland Rural Development Corp 410-479-3566 www.mrdc.net
101 Cedar Lane, PO Box 739 Greensboro, MD 21639-0739
English Spanish
Hagerstown Neighborhood Development Partnership, Inc.
301-797-0900 www.hagerstownhomestore.org
21 East Franklin Street Hagerstown, MD 21740
English
Washington County Community Action Council
301-797-4161 www.wccac.org
101 Summit Ave. Hagerstown, MD 21740
English
Southern Maryland Tri-County Community Action
301-274-4474 www.smtccac.org
8383 Old Leonardtown Road Hughesville, MD 20637
English Spanish
Homefree - U S A 301-891-8400 www.homefreeusa.org
3401 A East-West Highway Hyattsville, MD 20782
English Spanish
Housing Initiatives Partnership, Incorporated
301-699-3835 www.hiphomes.org
6525 Belcrest Road, Suite 555 Hyattsville, MD 20782
English
The Greater Washington Urban League 301-985-3519 www.gwul.org
5012 Rhode Island Ave Hyattsville, MD 20781
English
Home Partnership, Incorporated 410-679-3200 www.homepartnershipinc.org
Rumsey Towers Building, Suite 301 626 Towne Center Dr. Joppatowne, MD 21085
English
Clearpoint Financial Solutions, Inc. 877-877-1995 www.clearpointcreditcounselin gsolutions.org
9344 Lanham Severn Road #205 Lanham, MD 20706
English
Prince Georges County Homeownership Center
301-883-5570 9400 Peppercorn Place, Suite 120 Largo, MD 20774
English Spanish
Garrett County Community Action Committee, Inc.
888-877-8403 www.garrettcac.org
104 E. Center Street Oakland, MD 21550-1328
English Spanish
CCCS Of Maryland And Delaware 800-640-2227 www.cccs-inc.org
10220 S. Dolefield Rd. Owings Mills, MD 21117
English
Housing Options & Planning Enterprise, Inc.
301-567-3330 www.hopefinancial.org
6188 Oxon Hill Road, Suite 700 Oxon Hill, MD 20745
English Spanish
Centro De Apoyo Familiar (Caf) 301-328-3292 www.mycaf.org
6801 Kenilworth Ave, Ste 201 Riverdale, MD 20737
English Spanish
Seed - Sowing Empowerment And Economic Development
301-458-9808 www.seedinc.org
6201 Riverdale Road, Ste 200 Riverdale, MD 2073
English
Money Management International Rockville
800-747-4222 www.moneymanagement.org
15847 Crabbs Branch Way Rockville, MD 20855-2635
English Spanish
CCCS Of Maryland And Delaware 800-640-2227 www.cccs-inc.org
242 Tilghman Rd. Salisbury, MD 21804
English
Salisbury Neighborhood Housing Service, Inc
410-543-4626 www.salisburynhs.org
400 Snow Hill Road Salisbury, MD 21804
English
Shore Up!, Inc 410-749-1142 www.shoreup.org
520 Snow Hill Rd Salisbury, MD 21804-6031
English
Telamon Corp 410-546-4604 917 Mt. Hermon Road, Ste 2 Salisbury, MD 21804
English Spanish
National Foundation For Credit Counseling, Inc.
800-388-2227 www.nfcc.org
801 Roeder Road, Suite 900 Silver Spring, MD 20910-3372
English Spanish
Omega Gold Development Group 301-847-0255 www.omegagolddevelopmentgr oup.com
3000 Victory Lane Suitland, MD 20752
English
Unity Economic Development Corp 301-505-0331 3231 Brinkley Road Temple Hills, MD 20748
English
Please Initial:
Borrower Co-Borrower List of Department of Housing and Urban Development Approved Organizations for Maryland Updated 9/30/2010. Notice updated 11/5/2010.
Source: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=MD
MARYLAND RIGHT TO SELECT CLOSING AGENT
Borrower:
Loan Number:
Co-Borrower:
Date:
Property Address:
Lender:
Lender address:
Selection of Settlement Agent
In connection with your loan application, as a refinancing homeowner or a purchaser of a property in
the state of Maryland, you have the right to select the closing agent.
In the state of Maryland, closings are conducted by independent closing agents and/or attorneys.
Please check appropriate box
I(We) acknowledge that I(we) have received the list of approved closing attorneys.
I(we) have been given the opportunity to select an attorney to represent me(us) to close
my(our) loan and have no preference. I(we) defer selection to my(our) Loan Originator.
Closing Agent:
Address:
Phone/Fax:
- OR -
I(We) acknowledge that I(we) have received the list of approved closing attorneys.
I(We) have selected the following attorney:
Closing Agent:
Address:
Phone/Fax:
Note: You have the right within seven (7) days after the date of your loan application to notify Lender of the name and
business address of your choice of closing agent or title insurance company to perform the title search, examination
of title, or closing for your loan. If your selection is not rejected by Lender for good cause within seven (7) days
after receipt of such notice by Lender, your notice will establish the closing agent or title insurance company to be
used for the title search, examination of title, or closing. If you desire to change the above selection, notice of
change must be given in writing to the Lender.
Settlement date is anticipated to be:
Acknowledgment
I/We acknowledge receipt of a copy of these notices.
Signature of Borrower Date
Signature of Co-Borrower Date
Mortgage Loan Originator Date