TriStar Finance Inc.
FIXED RATE AND VARIABLE RATE LOAN PROGRAM DISCLOSURE
_____________________________________DUE ON SALE_____________________________________
Your loan documents do not contain a “due-on-sale” clause. Your loan documents contain a “due-on-sale” clause. A “due-on-sale” clause states that if you sell or transfer the mortgage property without the Note Holder’s prior written consent, al sums owed under the promissory note and the other loan documents (including the outstanding principal balance) could become immediately due and payable. The loan documents will set forth in detail what would constitute a sale or transfer.
____________________________________LATE PAYMENTS____________________________________
If you fail to make your loan payments within _______________ days after the due date, the Note Holder may charge a late payment charge equal to _________________ percent ( %) of the missed payment of principle and interest.
___ _________________________________PREPAYMENT_______________________________________
If you pay off your loan early, you may will will not have to pay a penalty. The amount of any prepayment penalty will be equal to: _________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________
_____________________________PAYMENTS OF ESCROW ITEMS______________________________
Your total monthly payment will also include an escrow payment, paid together with your monthly payments of principal and interest (subject to applicable state law). These escrow payments will be put into an escrow account so that the Note Holder can pay large semi-annual or annual expenses associate with your property when they are due. These expenses can include yearly property taxes, assessments, ground rents, and yearly mortgage and hazard insurance premiums, as applicable to your property. The escrow payment is calculated as the estimated annual total of these Escrow Expenses divided by the number of payments that are due per year. If you fail to make an escrow payment when due, the Note Holder will have the right to deduct it from your monthly payment and require you to make up the difference. The Note Holder may also reject any monthly payment which is less that the amount of the principal, interest, and monthly escrow payment due, and exercise the rights provided in the contract regarding the default for late or delinquent payments. Once a year, your escrow account will be analyzed to assure that the proper amount of funds is being collected monthly. At this time, a new escrow payment will be calculated by comparing the current escrow account balance with the estimated annual total of your current Escrow Expenses divided by the number of payments that are due per year. If insufficient funds are available in the escrow account to pay necessary Escrow Expenses, the Note Holder may advance the money as needed to cover those expenses and bill you for the amounts advanced. You will be required to pay the amounts advanced immediately upon receipt of the bill. Any surplus in escrow payments will be returned to the borrower in the form of ______________________________________________________________________ _______________________________________________________________________________________________________________________________________
__________________________________NOTICE OF MATURITY_________________________________
At the time of maturity (termination period of your Note), the Note Holder will send a statement to you ______________ days in advance, notifying you of your loan’s maturity. The statement will include all pertinent information regarding the maturity of your loan. Your loan is not partially or non-amortized. Your loan is partially or non-amortized (including a loan giving the lender the right to cal the loan due and payable). This could result in a larger final payment at the time of loan maturity or upon call of the loan. The loan maturity notice will indicate the amount of the final loan payment. The final payment may be large enough to warrant refinancing of the loan. This institution does does NOT unconditionally obligate itself to refinance the amount of the final payment at the time of loan maturity.
Additional Features contained in the notice of maturity: __________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________ I/We acknowledge that I/we have received this disclosure.
__________________________________________________________ Borrower Date
__________________________________________________________ Borrower Date
__________________________________________________________ Borrower Date
__________________________________________________________ Borrower Date
TriStar Finance Inc.
National Credit Score Disclosure
_____________________________ Applicant _____________________________ Applicant _____________________________ Applicant
In evaluating your application for a home mortgage loan, one factor your lender will consider is one or more of your credit scores because they assist the lender in evaluating your credit history in a faster, more objective manner. Your credit scores are found on your credit report, a copy of which was provided to you with this disclosure. The range of possible scores is from 300 to 850. Your lender may also obtain and consider other credit scores in making its decision on your application from the consumer reporting agencies listed below. In addition to the credit scores, your credit report lists the key reasons why your scores were less than the maximum possible scores. Please keep in mind that these reasons are provided based on variables, where you received less than the maximum number of points possible. The listings of these reasons, does not by itself indicate that you would not be approved for the loan you have requested. The lender considers many factors in addition to your credit score in making a decision on your application. If your application is not approved, you will receive a separate notice stating the specific reasons for that action which may or may not relate to your credit scores. The originator or lender did not calculate your credit scores, nor did they develop the scoring models. If you have any questions about your credit scores or the information in the credit report from which the credit scores were computed, you can contact the consumer reporting agencies at the addresses listed below:
__________________ Loan #
Equifax PO Box 740258 Atlanta, GA 30374-0258 Phone: 800-685-1111 www.equifax.com
TransUnion PO Box 1000 Chester, PA. 19016-4000 Phone: 800-888-4213 www.transunion.com/direct
Experian POBox 2104 Allen, TX 75013 Phone: 888-397-3742 www.experian.com
Notice to the Home Loan Applicant
(Pursuant to the Fair Credit Report Act [15 U.S.C. 1681g Sec 609(g)(l)(D)] as amended 12/04/2003) In connection with your application for a home loan, the lender must disclose to you the score that a consumer reporting agency distributed to users and the lender used in connection with your home loan, and the key factors affecting your scores. The credit score is a computer-generated summary calculated at the time of the request and based on the information a consumer reporting agency or lender has on file. The scores are based on data about your credit history and payment patterns. Credit scores are important because they are used to assist the lender in determining whether you will obtain a loan. They may also be used to determine what interest rate you may be offered on the mortgage. Credit scores can change over time, depending on your conduct, how your credit history and payment patterns change, and how credit scoring technologies change. Because the score is based on information in your credit, your credit history, it is very important that you review the credit-related information that is being furnished to make sure it is accurate. Credit records may vary from one company to another. If you have questions about your credit score or the credit information that is furnished to you, contact the consumer reporting agency at the address and telephone number provided with this notice, or contact the lender, if the lender developed or generated the credit score. The consumer reporting agency plays no part in the decision to take any action on the loan application and is unable to provide you with specific reasons for the decisions on a loan application. If you have any questions concerning the terms of the loan, contact the lender. This acknowledges that this Disclosure, along with a copy of my/our credit report, has been provided to each applicant/client pursuant to 15 U.S.C. 1681g Sec 609(g)(l)(D) as amended 12/04/2003 and effective 12/04/2004
_____________________________ Applicant Date
_____________________________ Applicant Date
_____________________________________________________ Originator Date
TriStar Finance Inc.
PATRIOT ACT INFORMATION FORM
Loan Number: ____________________________ To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, and record information that identifies every customer. When applying for a loan, applicants will be asked for their name, address, date of birth, and other information that will allow lenders to identify them. Applicants will also be asked to show their driver’s license or other identifying documents.
COMPLETION OF THIS FORM IS REQUIRED IN ORDER TO COMPLY WITH THE PATRIOT ACT. A COPY OF THIS COMPLETED FORM MUST BE PLACED IN THE LOAN FILE.
Required Information: Borrower Name _________________________________________________________________ Co-Borrower Name: ______________________________________________________________ Borrower Date of Birth: _______________________________________________________________ Co-Borrower Date of Birth: ____________________________________________________________ Borrower Current Physical Address: __________________________________________________ Co-Borrower Current Physical Address: _______________________________________________ Method Of Identification For Borrower (Only One Form Of Verification Is Required): (1) (2) (3) (4) (5) (6) (7) (8) Driver’s License: State____ #________________ Issue Date: _________ Expir. Date: __________ Passport: #_____________________ Country: _______________________ Expir. Date: ________ Military ID: Country: ____________________________________ Expir. Date: _______________ State ID: # _______________________ Issue Date: _____________ Expir. Date: ______________ Green Card: Country: ______________________ # ________________ Expir. Date: ___________ Immigration Card: Country: ______________ # _________________ Expir. Date: _____________ Gov’t ID (VISA): # ________________ Expir. Date: ______________ Gov’t Branch: __________ Other Document: _____________________ Issue Date: __________________ Expir. Date: ______ Method Of Identification For Co-Borrower (Only One Form Of Verification Is Required) (1) (2) (3) (4) (5) (6) (7) (8) Driver’s License: State_____ #______________ Issue Date: __________ Expir. Date: __________ Passport: #____________________ Country: __________________ Expir. Date: ______________ Military ID: Country: ___________________________ Expir. Date: ________________________ State ID: # _______________________ Issue Date: _____________ Expir. Date: ______________ Green Card: Country: ___________________ # ________________ Expir. Date: ______________ Immigration Card: Country: ______________ # _________________ Expir. Date: _____________ Gov’t ID (VISA): # ________________ Expir. Date: ______________ Gov’t Branch: __________ Other Document: _____________________ Issue Date: __________________ Expir. Date: ______ Resolution Of Any Discrepancy: __________________________________________________________________________________________________ __________________________________________________________________________________________________ __________________________________________________________________________________________________ __________________________________________________________________________________________________ _______________________ Completed By: __________________________________
PATRIOT Act Information Form
Date: _____________________
TriStar Finance Inc.
Borrower Acknowledgement I/we having executed a Mortgage Loan Application with TriStar Finance, Acknowledge that I/we have received a copy of the following: _____ Good Faith Estimate _____ Truth in Lending Statement _____ Servicing Disclosure _____ Privacy Policy Statement _____ Settlement Costs and Helpful Information disclosure _____ When Your Home is on the Line Booklet (if applicable) _____ C.H.A.R.M. disclosure (if applicable)
_____________________________________ ____________________ Borrower’s Signature: Date: _____________________________________ ____________________ Co-Borrower’s Signature: Date: