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Truth-in-Lending Disclosure

Weekly Word Wizard – Disclosure

Welcome back to weekly word wizard ! This week, we will discuss about Disclosure. Disclosures Disclosure and Informed Consent: Establishes the relationship between client and agent in writing, and discloses the agent’s ties to a broker or agency. Property Condition Disclosure Form: The seller produces the property condition disclosure form to the buyer, disclosing any defects or damage to the structure or surrounding areas of the property. Truth-in-Lending Disclosure: The bank’s legal obligation to respond to a buyer’s loan application, detailing the loan repayment schedule and amount, plus fees and interest, within three business days. Title Insurance: The buyer typically pays for title insurance to protect the lender or homeowner from any undisclosed ownership claims or fraud related to ...

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