BULLETIN #40 RATE LOCK AGREEMENTSRate Lock Agreement • March 3rd, 2022
Contract Type FiledMarch 3rd, 2022This disclosure statement clearly indicates the customer’s responsibilities; the bank continues to retain responsibility for performance by its staff, attorneys, and third party contractors it retains (such as title abstracters, surveyors, appraisers, etc.). It is recommended that similar disclosures be provided to all consumers who wish to enter into rate lock agreements.