ARM disclosures must be made at the time an application form is provided to a consumer or before the consumer pays a nonrefundable fee for the loan, whichever is earlier.

Question

Quizplus · Accepted Answer

ARM (Adjustable Rate Mortgage) disclosures are required by law to be provided to consumers at the time of application or before any nonrefundable fee is paid, ensuring transparency and informed decision-making.

ARM Disclosures Must Be Made at the Time an Application