Anti-Steering Loan Options Disclosure
Updated 01/01/2024
This sample disclosure may be used to comply with the Regulation Z âAnti-Steeringâ Rule. Regulation Z prohibits Loan Originators from directing or âsteeringâ borrower(s) to consummate a loan based on the fact that Loan Originators will receive greater compensation from the Lender in the transaction than in other transactions Loan Originator offered or could have offered, unless the loan is in Borrowerâs interest. Use of this disclosure is OPTIONAL. The following are the key takeaways of the changes:
- Minor formatting updates only.
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