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Are there any state specific disclosures that are required by New Mexico?

April 26, 2017disclosures New Mexico State

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Are there any state specific disclosures that are required by New Mexico?

1 Answer

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10 Posted

Yes. There is a mortgage loan summary and a mortgage loan compensation disclosure which are required to be disclosed to the borrower(s) at least two days prior to closing and a Rate Lock disclosure. The requirements for these disclosures are set in Rule 12.19.8.12 NMAC.