| Indiana Summary |
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Originator Licensing
Loan Originators must
be w2 employees of DirectLender to originate loans in Indiana.
Branch
Licensing
Branches are not
required to be licensed because of our HUD exemption.
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Initial Disclosures
Indiana Choice of Insurer Notice
Final Disclosures
Coming Soon
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Points
and Fees**
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APR
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1st
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5%
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8
+ Treasury Yield Index
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2nd
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5%
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10
+ Treasury Yield Index
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HELOC
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N/A
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N/A
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*Principal dwelling under Fannie Mae Conforming Loan Limit only ($417,000 for 2006) excluding HELOCs
**ncludes YSP as part of Fees Percentage unless retail
**Excludes "bona fide" discount points
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PPP Max 3 years on 2nds and/or not
to exceed the fixed rate term of ARMs.
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Permitted Fees
Coming Soon
Prohibited Fees
Coming Soon
Late Charge Fees
Coming Soon
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Funding Settlement
Wet State
Borrower Signing
Requirements
Indiana is not a
community property state.
Closing Customs
Coming Soon
Real Estate Taxes
Taxes are due semi-annualy
on April 1st and October 1st.
Taxes are delinquent on May 10th and November 10th.
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Advertising Record
Retention
Coming Soon
Advertising
Representation
Coming Soon
Telemarketing
Comings
Soon
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Disclaimer:
This
information is tailored for DirectLender. It is deemed reliable but not
guaranteed. It is not intended as legal advice, and should not be
relied upon as such. The laws, policies, and references cited change
periodically.
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