Loan Disclosure Notices.pdf

1. Right to Financial Privacy Act Notice: The lender has the right to access financial records in connection with the loan application, and may disclose this information to government agencies as required by law.
2. State of California Fair Lending Notice: The lender is prohibited from discriminating against applicants based on factors such as race, color, religion, sex, marital status, national origin, or ancestry.
3. Equal Credit Opportunity Act Notice: The lender is prohibited from discriminating against applicants based on factors such as race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
4. I.R.S. Disclosure Notice: The lender may verify income tax returns with the I.R.S. and may take action if the returns submitted differ from those on file with the I.R.S.

Applicant Certification: The applicant certifies that all documents submitted are exact duplicates of those submitted to the I.R.S. and gives consent to the lender to communicate with the tax preparer or I.R.S. to validate the accuracy of the information submitted.

Potential Consequences of Non-Compliance: Failure to comply with the I.R.S. disclosure notice may result in financial liability, acceleration of the loan, foreclosure, and referral to state and federal authorities for civil and criminal prosecution.