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  • Mi Amended Minimum Requirements For Anti-steering Loan Options Disclosure Form 2012

Get Mi Amended Minimum Requirements For Anti-steering Loan Options Disclosure Form 2012-2025

) Complete the “Interest Rate” and “Total origination points of fees and discount points” sections for Options 1, 2 and 3. If applicable, broker must initial where indicated an acknowledgement that Options 1 and 2 are the same because broker does not offer products with the features described in Option 2. Complete the “Interest Rate” and “Total origination points of fees and discount points” section titled “You are applying for a loan with the following terms.” Complete where.

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How to fill out the MI Amended Minimum Requirements for Anti-Steering Loan Options Disclosure Form online

Completing the MI Amended Minimum Requirements for Anti-Steering Loan Options Disclosure Form online is an essential step in ensuring compliance with federal regulations. This guide provides clear and supportive instructions to help you navigate each section of the form efficiently.

Follow the steps to accurately complete the form.

  1. Click ‘Get Form’ button to access the form and open it in the editor.
  2. Begin filling in the form by completing the Loan Number field, providing a unique identifier for the loan application.
  3. Enter the Borrower Name section with the full legal names of all borrowers involved in the transaction.
  4. Select the Type of Transaction by checking either 'Fixed Rate' or 'Adjustable Rate', depending on the loan options being presented.
  5. Fill out the Interest Rate and Total origination points or fees and discount points for each of the three Options provided, ensuring accurate and honest reflection of the offered loan terms.
  6. If applicable, initial the box acknowledging that Options 1 and 2 are the same, confirming the absence of features described in Option 2.
  7. Complete the section titled 'You are applying for a loan with the following terms' by entering the Interest Rate and Total origination points or fees and discount points.
  8. Provide details for the Broker Loan Officer Name, Broker Entity Name, Broker Entity Address, and License Number.
  9. Ensure that the Disclosure is signed and dated by the Broker Loan Officer and by each borrower listed.

Get started on completing your documentation online today!

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Brokers who are preparing their own initial disclosure package are responsible for the Anti-Steering disclosure. As a reminder, the Anti-Steering form must be fully completed and provided to the borrower within 3 days of the application date.

A loan originator must not direct or “steer” a consumer to consummate a transaction based on the fact that the. loan originator will receive greater compensation from the creditor in the transaction than in other transactions.

An Anti-Steering Loan Options Disclosure is required for all transactions where a Wholesale Mortgage Loan Originator is compensated by someone other than the borrower (i.e. when borrower is selecting the lender-paid option).

Brokers who are preparing their own initial disclosure package are responsible for the Anti-Steering disclosure. As a reminder, the Anti-Steering form must be fully completed and provided to the borrower within 3 days of the application date.

Anti-steering in pharmacy benefits is a policy trend that prohibits PBMs from steering individuals to use their owned or affiliated pharmacies and may require plan sponsors to use an open or unrestricted pharmacy network. Prohibited steering includes requiring members to use a PBM-owned or -affiliated pharmacy.

An Anti-Steering Loan Options Disclosure is required for all transactions where a Wholesale Mortgage Loan Originator is compensated by someone other than the borrower (i.e. when borrower is selecting the lender-paid option).

The anti-steering rule prohibits loan originators from directing or steering borrowers to consummate a loan based solely on the fact that the loan originator will receive greater compensation from the lender in a particular transaction than in other transactions the loan originator offered or could have offered, unless ...

Anti-Steering and Safe Harbor The rule also prohibits loan originators from steering borrowers to loans in which they receive greater compensation from the lender unless the loan is in the borrower's interest.

The Anti-Steering Loan Options Disclosure is required when a mortgage loan originator is paid by someone other than their employer or the borrower.

“Steering” is the practice of influencing a buyer's choice of communities based upon one of the protected characteristics under the Fair Housing Act, which are race, color, religion, gender, disability, familial status, or national origin.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232