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What is the brokerage required to disclose to the borrower concerning the cost of borrowing?

April 26, 2017borrower Borrowing brokerage COST disclose

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What is the brokerage required to disclose to the borrower concerning the cost of borrowing?

1 Answer

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There isn’t a standard form. It is up to the Mortgage Brokerage and Principal Broker to ensure that policies and procedures are in place, and to make sure Mortgage Brokers and Agents provide full disclosure of their relationships, fees and potential conflicts of interest.