Information for government monitoring purposes
The following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender’s compliance with equal credit opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender may discriminate neither on the basis of this information, nor on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not furnish ethnicity, race, or sex, under Federal regulations, this lender is required to note the information on the basis of visual observation or surname. If you do not wish to furnish this information, please check the box below. (Lender must review the above material to assure that the disclosures satisfy all requirements to which the lender is subject under applicable state law for the particular type of loan applied for.)
Agreement
By submitting this application, I (we) certify that everything I (we) have stated in this application is correct. You may keep this application whether or not it is approved. I (we) also authorize you to check my (our) credit and employment history and to answer questions others may ask you about my (our) credit record with you. I (we) understand that I (we) must update credit information at your request if my (our) financial condition changes. I (we) understand that the loan will be secured by a mortgage on the property described herein and represent that the property will not be used for any illegal or restricted purpose.
I (we) agree that additional information may be needed to process my (our) loan application and that submission of this online application does not constitute a full and complete application.
I (we) fully understand that it is a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of Title 18, United States Code, Section 1014.
The USA PATRIOT Act has paved the way for financial institutions to help prevent fraud, identity theft, and the spread of terrorism. It requires financial institutions to obtain more informations from an individual or legal entity to help establish identity.