Disclosure Statement
Under Reg. (Z) of the Real Estate Settlement Procedure Act (RESPA), a Truth-in-Lending Disclosure Statement must be sent to the applicant within 3 days after the application has been taken. I/We understand completely that we are only applying for a pre-approval of a loan amount, and not a Real Estate Mortgage at this time, and that a Truth-in-Lending disclosure will be forwarded within 3 days of a formal mortgage application.