NOTICE TO FIRST LIEN MORTGAGE LOAN APPLICANTS: THE RIGHT TO COLLECT YOUR MORTGAGE LOAN PAYMENT 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 notices before a transfer occurs.
Servicing Transfer Information
I have read this disclosure statement.
This application is designed to be completed by the applicant(s) with the Lender's assistance.
Applicants should complete this form as Borrower or Co-Borrower, as applicable. Co-Borrower
information must also be provided (and the appropriate box checked) when (a) the income or assets
of a person other than the Borrower (including the Borrower's spouse) will be used as a basis for
loan qualification or (b) the income or assets of the Borrower's spouse will not be used as a basis for
loan qualification, but his or her liabilities must be considered because the Borrower resides
in a community property state, the security property is located in a community property state, or the
Borrower is relying on other property located in a community property state as a basis
for repayment of the loan.
Click HERE for important required disclosures regarding the Adjustable Rate Mortgage (ARM) programs offered by HNB
Click HERE for a booklet that describes adjustable rate mortgages (ARM)