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FORM 3 STATUTORY DECLARATION (Section 25 of the Mortgage Brokers Regulation) I., DO SOLEMNLY DECLARE THAT: PART 1 I. (To be completed if you are a mortgage broker operating as a sole proprietor) r

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How to fill out mortgage broker affidavit

How to fill out a mortgage broker affidavit:

01

Begin by carefully reading and understanding the instructions provided on the mortgage broker affidavit form. Familiarize yourself with the specific requirements and information that needs to be provided.

02

Gather all the necessary supporting documents and information required for the affidavit. This may include personal identification, employment details, financial statements, and any relevant documentation related to the mortgage transaction.

03

Fill in your personal information accurately, including your full name, contact information, and any other requested details. Make sure to double-check for any errors or missing information.

04

Provide the necessary information regarding the mortgage transaction, such as the lender's name, loan amount, loan terms, and any other relevant details. Include supporting documentation when required.

05

Carefully review the completed affidavit for accuracy and completeness. Ensure that all sections have been filled out correctly and all necessary information has been provided.

06

Sign the affidavit in the designated area. Depending on the requirements, you may need to have the document notarized or witnessed by a qualified individual.

07

Keep a copy of the completed and signed affidavit for your records. Submit the original document as instructed, whether it is to a mortgage broker, lender, or other appropriate party.

Who needs a mortgage broker affidavit?

A mortgage broker affidavit is typically required in real estate transactions that involve the services of a mortgage broker. It may be necessary for both the borrower and the mortgage broker to complete and submit this affidavit. The purpose of the affidavit is to ensure transparency and accountability in the mortgage process, as it certifies the accuracy and completeness of the information provided by the broker. The affidavit helps to protect the interests of all parties involved, including the borrower, lender, and any regulatory authorities overseeing the transaction.

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What is mortgage broker affidavit?

A mortgage broker affidavit is a legal document that is required to be filed by mortgage brokers to ensure compliance with regulations.

Who is required to file mortgage broker affidavit?

Mortgage brokers are required to file the mortgage broker affidavit.

How to fill out mortgage broker affidavit?

The mortgage broker affidavit must be filled out accurately with all the required information and signatures.

What is the purpose of mortgage broker affidavit?

The purpose of the mortgage broker affidavit is to ensure that mortgage brokers are in compliance with regulations and properly disclosing information to clients.

What information must be reported on mortgage broker affidavit?

The mortgage broker affidavit must include information such as financial statements, client disclosures, and any potential conflicts of interest.

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