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Equal Credit
Opportunity Notice: You are hereby provided the
following "Equal Credit Opportunity" notices as
required by Section 4112.021 of the Ohio Revised Code.
"The Ohio laws against discrimination require that
all creditors make credit equally available to all
creditworthy customers, and that credit reporting
agencies maintain separate credit histories on each
individual request. The Ohio Civil Rights Commission
administers compliance with this law."
Agreement: The undersigned applied for
the loan indicated in this application to be secured by a
first mortgage or deed of trust on the property described
herein and represents that the undersigned has sufficient
financial resources to make the down payment required by
Lender and will not incur any additional debt other than
the loan herein applied for in order to purchase the
related property. For such reason, for a period of 270
days after the closing date of this loan, provided the
loan is approved and funded by the Lender, the
undersigned will covenant to not encumber the property to
be acquired (or refinanced) with any subordinate lien or
security interest in order to secure repayment of any
other indebtedness of the undersigned, and represents
that the property will be owner occupied and not be used
for any illegal or prohibited purpose, that all sources
of funds to be used to purchase the property and to make
the loan payment and any improvements to the property are
lawful and do not involve any direct or indirect illegal
activities, and that all statements made in this
application are true and made for the purpose of
obtaining the loan. Verification may be obtained from any
source named in the application. The original or a copy
of this application will be retained by the Lender, even
if the loan is not granted. The undersigned specifically
acknowledge(s) and agree(s) that: (1) verification or
re-verification of any information contained in the
application may be made at any time by the Lender, its
agents, successors and assigns, either directly or
through a credit reporting agency, from any source named
in this application; (2) in the event my/our payments on
the loan indicated in this application become delinquent,
the Lender, its agents, successors and assigns, may in
addition to all their other rights and remedies, report
my/our name(s) and account information to a credit
reporting agency; (3) the Lender, its agents successors
and assigns make no representations or warranties,
express or implied, to the Borrower(s) regarding the
property, the condition of the property, or the value of
the property. I/We fully understand that it is a federal
crime punishable by fine or imprisonment, or both, to
knowingly make any false statements concerning any of the
above facts as applicable under the provisions of Title
18, United States Code, Section 1001, et.seq. The
undersigned will occupy the property as indicated above.
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Borrower
_______________________________ |
Date _____________ |
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Co-Borrower
____________________________ |
Date _____________ |
Information for Government
Monitoring Purposes: The following information
is requested by the Federal Government for certain types
of loans related to a dwelling, or order to monitor the
lender's compliance with equal credit opportunity, fair
housing and home mortgage disclosure laws. You are not
required to furnish this information, but are encouraged
to do so. The law provides that a lender may neither
discriminate on the basis of this information, nor on
whether you choose to furnish it. However, if you choose
not to furnish it, under Federal regulations, this lender
is required to note the race and sex on the basis of
visual observation or surname. If you do not wish to
furnish the above information, please check the box
below. (Lender must review the above material to assure
that the disclosures satisfy all requirements to which
the Lender is subject under applicable state law for the
particular type of loan applied for.)
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