§ 2220. Disclosure required by mortgage lender
In advance of taking any fee or collecting any charges for a mortgage loan, or at the time the prospective borrower submits a signed application, a written disclosure shall be provided by the lender to the prospective borrower setting forth all provisions relating to interest rates applicable to the loan, and specific disclosure regarding any possibility that the lender may change its role to that of a mortgage broker. This section shall not apply to commercial loans. (Added 1995, No. 162 (Adj. Sess.), § 21, eff. Jan. 1, 1997; amended 2009, No. 29, § 1.)
Structure Vermont Statutes
Title 8 - Banking and Insurance
§ 2202a. Application for commercial lender license
§ 2202b. Approval of application; issuance of commercial lender license
§ 2203. Bond; liquid assets required
§ 2203a. Additional bond; liquid assets to be maintained
§ 2204a. Mortgage loan originator prelicensing and relicensing education requirement
§ 2204b. Testing of mortgage loan originators
§ 2204c. Continuing education for mortgage loan originators
§ 2204d. Mortgage loan originator license inactive status
§ 2208a. Mortgage loan originator change of employer or sponsor
§ 2216. Mortgage lending; specific requirements; exceptions
§ 2219. Contract required of mortgage broker
§ 2220. Disclosure required by mortgage lender
§ 2220a. Disclosure required by loan solicitation licensee
§ 2221. Out-of-state mortgage loans
§ 2223. Additional records required of loan solicitation licensees
§ 2225. Statement of rates of charge
§ 2227. Conduct of unrelated business
§ 2229. Confessions of judgment; powers of attorney; contents of notes
§ 2232a. Requirements regarding the borrower
§ 2233. Charges; loan solicitation; specialized financing
§ 2235. Requirements for assignment of wages
§ 2236a. Extent of assignment; service upon employer
§ 2238. Out-of-state commercial loans
§ 2241. Prohibited acts and practices