The Good Faith Estimate (GFE) and the HUD-1 Settlement Statement are the primary disclosure documents lenders provide to mortgage applicants. As its name implies, the GFE lists the lender or mortgage broker's best estimate, in "good faith," of closing costs.
The good faith estimate must include a number of disclaimers. For example, it must state that the estimate is based on information known at the time it was created. Therefore, it won't include any costs for unanticipated items or services that are not reasonably expected and that could occur due to unforeseen events.
A good faith estimate should include expected charges for the scheduled health care items and services, including facilities fees, hospital fees, and room and board provided by the provider or facility. Good faith estimates only list expected charges for a single provider or facility.
IMPORTANT: You aren't required to sign this form and shouldn't sign it if you didn't have a choice of health care provider before scheduling care.
A good faith estimate isn't a bill Generally, the good faith estimate must include expected charges for: The primary item or service • Any other items or services you're reasonably expected to get as part of the primary item or service for that period of care.
§ 25-1-304. Obligation of good faith. Every contract or duty within this Chapter imposes an obligation of good faith in its performance and enforcement.
Good faith estimates only list expected charges for a single provider or facility. You may get an estimate from both your provider and facility, or from multiple providers. The estimate must: Include an itemized list with specific details and expected charges for items and services related to your care.
The North Carolina Supreme Court decision in State v. Carter stands apart from modern federal jurisprudence in holding that Article 1, section 20 of the North Carolina Constitution – North Carolina's analog to the Fourth Amendment – does not permit a good-faith exception to the exclusionary rule.
What's included in a good faith estimate? A good faith estimate should include expected charges for the scheduled health care items and services, including facilities fees, hospital fees, and room and board provided by the provider or facility.