I/we ("Borrower(s)") hereby understand that it is a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements when applying for this mortgage ("Loan"), as applicable under the provisions of title 18 United States Code 1014. Borrower(s) also understand that LIONSCOVE ("Lender) intends to use the data obtained through the investigation for due diligence purposes only, and shall not disclose such information to any other party except as otherwise authorized above.
Borrower(s) understand that this is not a commitment to lend; restrictions may apply; LTV limits are based on current, accurate appraised values; LIONSCOVE reserves the rights to amend rates and guidelines; all loans are made in compliance with federal, state and local laws; LIONSCOVE, is a California Bureau of Real Estate lender with DRE License #2049878; and that LIONSCOVE, is an equal opportunity lender.
ACKNOWLEDGEMENT AND AGREEMENT
Each of the undersigned specifically represents to Lender and to Lender's actual or potential agents, brokers, processors, attorneys, insurers, servicers, successors and assigns and agrees and acknowledges that: (1) the information provided in this application is true and correct as of the date set forth opposite my/our signatures and that any intentional or negligent misrepresentation of this information contained in this application may result in civil liability, including monetary damages, to any person who may suffer any loss due to reliance upon any misrepresentation that I have made on this application, and/or in criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Sec. 1001, et seq.; (2) the Loan requested pursuant to this application (the "Loan") will be secured by a mortgage or deed of trust on the property described in this application; (3) the property will not be used for any illegal or prohibited purpose or use; (4) all statements made in this application are made for the purpose of obtaining a residential mortgage loan; (5) the property will be occupied as indicated in this application; (6) the Lender, its servicers, successors or assigns may retain the original and/or an electronic record of this application, whether or not the Loan is approved; (7) the Lender and its agents, brokers, insurers, servicers, successors and assigns may continuously rely on the information contained in the application, and the Borrower(s) are obligated to amend and/or supplement the information provided in this application if any of the material facts that the Borrower(s) have represented herein should change prior to closing of the Loan; (8) in the event that my payments on the Loan become delinquent, the Lender, its servicers, successors, or assigns may, in addition to any other rights and remedies that it may have relating to such delinquency, report my name and account information to one or more consumer credit reporting agencies; (9) ownership of the Loan and/or administration of the Loan account may be transferred with such notice as may be required by law; (10) neither Lender nor its agents, brokers, insurers, servicers, successors or assigns has made any representation or warranty, express or implied, to me regarding the property or the condition or value of the property; and (11) the Borrower(s) transmission of this application as an "electronic record" containing "electronic signatures," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or my facsimile transmission of this application containing a facsimile of my signature, shall be as effective, enforceable and valid as if a paper version of this application were delivered containing my original written signature.
The Borrower(s) acknowledge that each of the undersigned hereby acknowledges that any owner of the Loan, its servicers, successors and assigns, may verify or reverify any information contained in this application or obtain any information or data relating to the Loan, for any legitimate purpose through any source, including a source named in this application or a consumer reporting agency.
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. Borrower(s) are not required to furnish this information, but are encouraged to do so. The law provides that the Lender may not discriminate either on the basis of this information, or on whether the Borrower(s) choose to furnish it. If Borrower(s) furnish the information, please provide both ethnicity and race. For race, Borrower(s) may check more than one designation. If Borrower(s) do not furnish ethnicity, race, or sex, under Federal regulations, this Lender is required to note the information on the basis of visual observation and surname if Borrower(s) have made this application in person. If Borrower(s) do not wish to furnish the information, please check the appropriate box. (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.)
By signing this document, Borrower(s) hereby acknowledge reading and understanding all of the information disclosed above and receiving a copy of this disclosure on the electronically stamped date.
LIONSCOVE | 2018 2018 156th Ave NE, Bellevue, WA 98007
DRE 2049878| NMLS 1644837 All Rights Reserved