Responsibilities and Obligations of the Borrower. The rights and obligations of the Borrower are as follows:
Responsibilities and Obligations of the Borrower. The Borrower agrees to furnish the company or loan originator with truthful and accurate information and any documents that will be required by the company or loan originator and the Lender(s) to assess the Borrower’s financial status, including (without limitation) the following: Mortgage Statements – past three months Paystubs – past two pay periods W2 forms, 1099 forms, and/or Tax Returns – past two years Profit and Loss Statements – past two years (if self employed) Bank Statements – past two months Verification of any other income, Benefit Award Letters, Retirement Statements, Pension Benefit Statements, Annuity Statements, Child Support, Alimony, Schedules of Real Estate owned, Stock and Mutual Fund Portfolio Statements Authorization for the Broker to obtain Borrower information from Lender The Borrower also agrees to provide additional information or documentation within 5 days of the company or loan originator request. The Borrower further agrees to immediately notify the company or loan originator of any change in the Borrower’s address.
Responsibilities and Obligations of the Borrower. The Applicant agrees to furnish the Consultant with truthful and accurate information and any documents that will be required by the Consultant, SBA or Lender (s) to assess the Borrower’s financial status, including (without limitation) the following: Mortgage Statements if needed W2 forms, 1099 forms, and/or Personal Tax Returns if needed *Business Tax Returns – past two years Profit and Loss Statements – past year and month to date if needed *Bank Statements – since January of 2020 Verification of any other income, Benefit Award Letters, Retirement Statements, Pension Benefit Statements, Annuity Statements, Child Support, Alimony, Schedules of Real Estate owned, Stock and Mutual Fund Portfolio Statements Authorization The Applicant also agrees to provide additional information or documentation within 5 days of the Consultant, SBA, or Lender (s) request. The Applicant further agrees to immediately notify the Consultant of any change in the Borrower’s address.
