Volume 772, Page 2201 View pdf image |
WILLIAM DONALD SCHAEFER, Governor Ch. 404 12-922. (A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS (2) "BORROWER" MEANS A CONSUMER BORROWER WHO MAKES AN (3) "COMMITMENT" MEANS A WRITTEN, SPECIFIC, BINDING (4) "FINANCING AGREEMENT" MEANS A WRITTEN AGREEMENT (I) RESULTS IN OR IS SECURED BY A FIRST MORTGAGE OR A FIRST (II) IS OFFERED OR EXTENDED TO THE BORROWER. (5) (I) "LENDER" MEANS A CREDIT GRANTOR SUBJECT TO THE (II) "LENDER" DOES NOT INCLUDE A CREDIT GRANTOR EXEMPT (6) (I) "LOAN APPLICATION" MEANS ANY ORAL OR WRITTEN (II) "LOAN APPLICATION" DOES NOT INCLUDE THE USE OF AN (B) (1) A LENDER WHO OFFERS TO MAKE OR PROCURE A LOAN SECURED (2) THE FINANCING AGREEMENT SHALL PROVIDE: (I) THE TERM AND PRINCIPAL AMOUNT OF THE LOAN; (II) AN EXPLANATION OF THE TYPE OF MORTGAGE LOAN BEING - 2201 -
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Volume 772, Page 2201 View pdf image |
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