Legal Question in Banking Law in New York
Pre-Application Disclosure and Fee Agreement form
I recently closed a refinancing loan. After the loan I received a call from the mortgage broker asking me to sign and return a form he faxed me. The form was a Pre-Application Disclosure and Fee Agreement. I did not sign it. This should have been given to me well before the closing. Is it legal to Not give this form at the start of a loan process? I would have gone elsewhere if I had known all the fees I was being charged.
Thank you for your time.
1 Answer from Attorneys
Re: Pre-Application Disclosure and Fee Agreement form
Yes, you have a claim against the broker, his employer and the lender for the fees charged.
-- Kenneth J. Ashman;www.AshmanLawOffices.com
This communication is intended for general informational purposes only and is not intended to create an attorney-client relationship, which, under the policies of Ashman Law Offices, LLC, can only be created by execution of a formal retention agreement.
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