Common use of Concluding Statement Clause in Contracts

Concluding Statement. The Ameriquest Parties’ Sales Personnel shall conclude the conversation with the Potential Borrower by making a statement in substantially the following form: “We will be sending you some written disclosures that explain your options regarding a fixed versus adjustable rate loan, paying more or less discount points and a loan with or without a prepayment penalty. If, after reading the information we send you, you wish to make any changes to this loan proposal, please give me a call.”