NOTICE TO THE HOME LOAN APPLICANT
In connection with your application for a home loan, the lender must disclose to you that score that a consumer-reporting agency distributed to users and the lender used in connection with your home, and the key factors affecting your credit scores.
The credit score is a computer-generated summary calculated at the time of the request and based on information that a consumer reporting agency or lender has on file. The scores are based on data about your credit history and payment patterns. Credit scores are important because they are used to assist the lender in determining whether you will obtain a loan. They may also be used to determine what interest rate you may be offered on the mortgage. Credit scores can change over time, depending on your conduct, how your credit history and payment patterns change, and how credit-scoring technologies change.
Because the sore is based on information in your credit history, it is very important that you review the credit-related information that is being furnished to make sure it is accurate. Credit records may vary from one company to another.
If you have questions about your credit score or the credit information that is furnished to you, contact the consumer reporting agency at the address and telephone number provided with this notice or contact the lender, if the lender developed or generated the credit score. The consumer reporting agency plays no part in the decision to take any action on the loan application and is unable to provide you with specific reasons for the decision on a loan application.
Equifax 800-685-111 Trans Union 800-888-4213 Experian 888-397-3742
P.O. Box 740256 P.O. Box 2000 P.O. Box 2104
Atlanta, GA 30374 Chester, PA 19022 Allen, TX 75013
IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
We may order an appraisal to determine the property's value and charge you for this appraisal. We will promptly give you a copy of any appraisal, even if your loan does not close. You can pay for an additional appraisal for your own use at your own cost.
To find a Housing Counselor, please visit the Consumer Financial Protection Bureau to locate the counselors nearest you.
By submitting this application, I/We certify that this information is correct and has been supplied truthfully, accurately and voluntarily. I/We authorize First Security Bank to investigate our creditworthiness, credit history, employment history, and financial responsibility through any credit bureau, checking with my/our employers, or by any other reasonable means for consideration for the loan applied for. I/We understand that you will retain this application whether or not it is approved. This application does not constitute a contract for the extension of credit.