Legal Question in Banking Law in New York

Pre-Application Disclosure and Fee Agreement form

I recently closed a refinancing loan. After the loan I received a call from the mortgage broker asking me to sign and return a form he faxed me. The form was a Pre-Application Disclosure and Fee Agreement. I did not sign it. This should have been given to me well before the closing. Is it legal to Not give this form at the start of a loan process? I would have gone elsewhere if I had known all the fees I was being charged.

Thank you for your time.


Asked on 1/24/03, 2:13 pm

1 Answer from Attorneys
Kenneth J. Ashman Ashman Law Offices, LLC

Re: Pre-Application Disclosure and Fee Agreement form

Yes, you have a claim against the broker, his employer and the lender for the fees charged.

-- Kenneth J. Ashman;www.AshmanLawOffices.com

This communication is intended for general informational purposes only and is not intended to create an attorney-client relationship, which, under the policies of Ashman Law Offices, LLC, can only be created by execution of a formal retention agreement.

Read more
Answered on 1/24/03, 10:17 pm


Related Questions & Answers

More Banking Law questions and answers in New York