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Exhibit 3 LOS ANGELES HOUSING AND COMMUNITY INVESTMENT DEPARTMENT SECTION 3 REQUIREMENTSGoals30% Employment Opportunity To Los Angeles City Residents (Form 15); and 10% of Contract Dollar Awarded

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How to fill out exh3hud section3 - los

01

To fill out exh3hud section3 - los, follow these steps:

02

Start by gathering all the necessary information required for the form, such as the applicant's name, address, and contact details.

03

Provide details about the property being financed, including its address, type, and estimated value.

04

Indicate the loan amount and the terms of the loan, including the interest rate and repayment period.

05

Include information about any existing liens or mortgages on the property.

06

Provide details about any additional fees or charges associated with the loan.

07

Finally, review the completed form for accuracy and completeness before submitting it.

Who needs exh3hud section3 - los?

01

Exh3hud section3 - los is required by individuals or entities involved in the mortgage loan process, such as lenders, borrowers, and the loan officers.

02

Lenders use this form to gather important information about the borrower, the property, and the loan terms in order to assess the borrower's eligibility and make informed lending decisions.

03

Borrowers need to fill out this section to provide accurate and comprehensive information about themselves, the property, and any existing liens or mortgages.

04

Loan officers rely on this form to properly document the loan transaction and ensure compliance with relevant regulations and guidelines.

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What is exh3hud section3 - los?

exh3hud section3 - los refers to the specific section of the HUD-3 form that deals with the disclosure of loan origination fees.

Who is required to file exh3hud section3 - los?

Lenders or mortgage brokers are typically required to file exh3hud section3 - los as part of the closing disclosure process.

How to fill out exh3hud section3 - los?

exh3hud section3 - los must be filled out accurately by disclosing the loan origination fees charged in connection with a mortgage loan.

What is the purpose of exh3hud section3 - los?

The purpose of exh3hud section3 - los is to provide transparency to borrowers regarding the costs associated with securing a mortgage.

What information must be reported on exh3hud section3 - los?

exh3hud section3 - los must include details about the loan origination fees, such as points, fees paid directly to the lender, and any other charges.

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