Get Mb 11-003 Form 10 Borrower Conflict Of Interest Disclosure Statement - Fic Gov Bc

This guide offers step-by-step instructions on completing the Mb 11-003 Form 10 Borrower Conflict Of Interest Disclosure Statement online. Understanding how to properly fill out this form is crucial for mortgage brokers and their clients to ensure transparency and compliance.

Follow the steps to fill out the form correctly.

1. Click ‘Get Form’ button to obtain the form and open it in the online editor.
2. Start by providing your full name and contact information in the designated fields. This information identifies you as the mortgage broker responsible for the transaction.
3. Indicate the parties you represent in the transaction. Clearly mark whether you are acting for the borrower, lender, or any other party. This section helps disclose any potential conflicting interests.
4. Detail your interest in the transaction. Specify any direct or indirect interests, including cases where you or your associates act as the lender or will acquire any part of the mortgage interest.
5. If other mortgage brokers are involved, state their names, their relationship to you, and their role in the transaction. Clarity in this section ensures all parties are aware of each broker's involvement.
6. Explain how you will be compensated. Disclose any compensation from parties other than the borrower to maintain transparency regarding the financial aspects of your involvement.
7. Describe any referral fees that may apply in the transaction. Clearly state the amounts and to whom they are paid to avoid any misunderstandings.
8. Include any additional information that may create a conflict of interest. This can encompass other roles you or your associates play that may influence the transaction.
9. Once all fields are completed, review the form for accuracy. Ensure all information provided adheres to the guidelines outlined.
10. Save changes and download the filled form. You also have the option to print or share the completed document as needed.

Complete and submit your documents online to ensure a smooth mortgage transaction process.