NOTICE TO APPLICANT

IN ACCORDANCE WITH EQUAL CREDIT OPPORTUNITY ACT (ECOA):

1)  The Federal Equal Opportunity Act prohibits Creditors from discrimination against Credit Applicant(s) on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract) because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.  The federal agency that administers compliance with the law concerning this creditor is the FEDERAL HOME LOAN BANK BOARD, 600 California Street, P.O. Box 7948, San Francisco, CA 94120, (415) 616-1000 or the FEDERAL DEPOSIT INSURANCE CORPORATION, 25 Ecker Street, Suite 2300, San Francisco, CA 94105, (415) 546-1810.

2)  Income received from Alimony, Child Support or Separate Maintenance need not be revealed unless you choose to rely on such sources to have it considered as a basis for repaying this obligation.  Income from these sources as well as from any other source, including part-time or temporary employment will not be discounted by the lender, because of your sex or marital status; however, the lender will consider carefully the stability and probable continuity of all income you disclose.

IN ACCORDANCE WITH THIS INSTITUTION’S POLICY:

1)  The applicant(s) shall keep lender informed of any change that may occur in the applicant(s) additional financial obligation and/or employment status.

2)  Applicant(s) is aware that the signing of the application form and/or any related documents in connection with the application for an FHA or VA loan does not constitute a commitment on the Lenders part to grant a loan.

3)  Applicant(s) is aware that the signing of any application or related documents in connection with applicant(s) request for a conventional loan under no circumstances constitutes a firm commitment or contract between applicant(s) and Lender to grant this loan.  Applicant is also aware that the terms and conditions may be changed at any time prior to loan approval from Lender and shall be valid for a period of thirty (30) days from date of approval.

4)  Applicant(s) is aware that should an FHA or VA loan be made, the maximum interest rate permissible under the FHA or VA regulations at the time the loan is closed will prevail, but in no event shall be less than the now current rate.

APPLICANT(S) ACKNOWLEDGEMENT OF RECEIPT

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Signature of Applicant                                                               Date

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Signature of Applicant                                                               Date