Get Undisclosed Debt/lien Obligation Acknowledgement

The Undisclosed Debt/Lien Obligation Acknowledgement is an essential document for borrowers seeking to ensure transparency in their loan applications. This guide provides clear, step-by-step instructions for accurately completing this form online, aiding users in fulfilling their obligations.

Follow the steps to accurately fill out your Undisclosed Debt/Lien Obligation Acknowledgement.

1. Press the ‘Get Form’ button to access the form. This action will open the document in your preferred editing tool, allowing you to begin filling it out online.
2. Locate the section labeled 'Loan Number' and input the specific loan number associated with your application. This information is crucial for accurately linking the form to your loan.
3. In the 'Borrower(s)' field, enter the names of all individuals applying for the loan. Make sure to spell the names correctly to avoid any processing delays.
4. Fill in the 'Property Address' field with the complete address of the property involved in the transaction. Accuracy is key to ensure legal compliance.
5. Under the section related to additional debts, list any undisclosed debt obligations in the provided fields. If there are no other debts, clearly write 'None' on each line.
6. Next, you will indicate the total obligation and monthly payment amount for each creditor you list. Ensure that these amounts are current and accurately reflect your financial obligations.
7. Continue to the section for additional properties or liens. As with debts, list any undisclosed properties or liens that are not covered by your loan application. Again, if there are none, write 'None.'
8. For each property listed, fill in the lien amount and monthly payment amount. Being thorough in these details supports the integrity of your application.
9. Read the acknowledgment statement carefully. By signing the document, you confirm that the information provided is truthful and that you understand the implications of withholding information.
10. Collect the required signatures from all borrowers on the lines provided. Ensure that all signatories date their signatures accurately to avoid any issues.
11. Once all sections are complete, review the document for accuracy. You can then save your changes, download, print, or share the completed document as needed.

Complete your Undisclosed Debt/Lien Obligation Acknowledgement online to ensure a smooth loan application process.