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Cover.pdf14/29/1912:31 PM2019 CMYCMMYCYCMYK2019E L E C TI ON SALT LAKE CITY RECORDERS OFFICE2019E L E C TI ON451 S. State St. Rm 415 Salt Lake City, UT 84111 8015357671Dear Candidate, Congratulations
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e l e c stands for Electronic Loan Estimate and Closing Disclosure. It is a form that provides disclosures about the terms and costs of a mortgage.
Lenders are required to file e l e c for certain mortgage transactions.
e l e c can be filled out electronically through a platform provided by the lender or directly on paper.
The purpose of e l e c is to provide consumers with transparent information about the terms and costs of their mortgage.
e l e c must include information about the loan terms, closing costs, and other key aspects of the mortgage.
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