Closing Disclosure - National Notary Association

Sample Document for National Notary Association Signing Agent Certification Training

Closing Disclosure

Closing Information

Date Issued Closing Date Disbursement Date Settlement Agent File # Property

Appraised Prop. Value

3/13/20XX 4/15/20XX 4/15/20XX Stallwart Title 12-3456 8624 Oaklawn Ave. Modesto, CA 95355

$280,000

document with your Loan Estimate.

Transaction Information Borrower Richard William Rogers

8624 Oaklawn Ave. Modesto, CA 95355 Lender Tristar Finance Group

Loan Information

Loan Term 30 years Purpose Refinance Product Fixed Rate

Loan Type

Loan ID # MIC #

X Conventional FHA VA _____________

123456789 009874513

Loan Terms Loan Amount

Interest Rate

Monthly Principal & Interest See Projected Payments below for your Estimated Total Monthly Payment

$205,631.00 3.25% $894.92

Prepayment Penalty Balloon Payment

Can this amount increase after closing?

NO NO NO

Does the loan have these features?

NO NO

Projected Payments Payment Calculation

Principal & Interest

Mortgage Insurance Estimated Escrow Amount can increase over time Estimated Total Monthly Payment

Estimated Taxes, Insurance & Assessments Amount can increase over time See details on page 4

Costs at Closing Closing Costs

Cash to Close

Years 1-4

$894.92

+

--

+

445.23

Years 5-30

$894.92

+

--

+

445.23

$1,340.15

$944.04

$445.23

a month

This estimate includes

In escrow?

X Property Taxes

YES

X Homeowner's Insurance

YES

X Other: HOA Dues

NO

See page 4 for escrowed property costs. You must pay for other property costs separately.

$4,976.08 Includes $3,495.50 in Loan Costs + $2,762.07 in Other Costs ? $500

in Lender Credits. See page 2 for details.

$2,666.92 Includes Closing Costs. See Calculating Cash to Close on page 3 for details.

X From To Borrower

CLOSING DISCLOSURE

PAGE 1 OF 5 ? LOAN ID # 123456789

Closing Cost Details

Loan Costs

A. Origination Charges 01 % of Loan Amount (Points) 02 03 04 05 06 07 08 B. Services Borrower Did Not Shop For 01 02 03 04 05 06 07 08 09 10 C. Services Borrower Did Shop For 01 02 03 04 05 06 07 08

Borrower-Paid Loan Costs Subtotals (A + B + C)

Other Costs

E. Taxes and Other Government Fees

01 Recording Fees 02

Deed:

Mortgage: $60.00

F. Prepaids

01 Homeowner's Insurance Premium (12 mo.) 02 Mortgage Insurance Premium ( mo.)

03 Prepaid Interest ( $17.71 per day from 4/15/20XX to 5/1/20XX ) 04 Property Taxes ( 6 mo.) to Any County USA 05

G. Initial Escrow Payment at Closing

01 Homeowner's Insurance $100.83 per month for mo.

02 Mortgage Insurance $82.35 per month for mo.

03 Property Taxes

$105.30 per month for mo.

04

05

06

07

08 Aggregate Adjustment

H. Other

01

02

03

04

05

06

07

08

Borrower-Paid

Other Costs Subtotals (E + F + G + H)

Borrower-Paid Closing Costs Subtotals D + I Lender Credits

CLOSING DISCLOSURE

Borrower-Paid

At Closing

Before Closing

$1,950.00

$750.00 $250.00 $450.00 $500.00

Paid by Others

$20.00 $45.00 $65.00 $45.00

$610.00

$405.00 $30.00

$85.00 $50.00 $250.00 $350.00 $200.00

$935.50

$3,495.50

$3,060.50

$435.00

$60.00 $60.00

$2,125.12 $1,209.96

$283.36 $631.80

$201.66 $164.70

$210.60

$576.95

?$0.01

$2,762.07 $2,762.07

$4,976.08

$5,822.57 ?$500.00

$435.00

PAGE 2 OF 5 ? LOAN ID # 0000000000

Sample Document for National Notary Association Signing Agent Certification Training

Sample Document for National Notary Association Signing Agent Certification Training

TO 01 Payoff to XYZ Mortgage and Lending 02 03 04 05 06 07 08 09 10 11 12 13 14 15 K. TOTAL PAYOFFS AND PAYMENTS

AMOUNT $203,929.00

$115,000.00

Calculating Cash to Close

Loan Amount Total Closing Costs (J) Closing Costs Paid Before Closing

Cash to Close

Use this table to see what has changed from your Loan Estimate.

Loan Estimate

Final

Did this change?

$150,000.00 $150,000.00 NO

?$5,099.00

?$5,757.57 YES ? See Total Loan Costs (D) and Total Other Costs (I)

$0 ?$120,000.00

$435.00 ?$115,000.00

YES ? You paid these Closing Costs before closing YES ? See Payoffs and Payments (K)

$24,901.00

From X To Borrower

$2,666.92 From X To Borrower Closing Costs Financed (Paid from your Loan Amount)

CLOSING DISCLOSURE

PAGE 3 OF 5 ? LOAN ID # 123456789

Sample Document for National Notary Association Signing Agent Certification Training

Additional Information About This Loan

Loan Disclosures

Assumption If you sell or transfer this property to another person, your lender

will allow, under certain conditions, this person to assume this loan on the original terms.

X will not allow assumption of this loan on the original terms.

Demand Feature Your loan

has a demand feature, which permits your lender to require early repayment of the loan. You should review your note for details.

X does not have a demand feature.

Late Payment If your payment is more than ___ days late, your lender will charge a late fee of ________________________________________________

Negative Amortization (Increase in Loan Amount) Under your loan terms, you

are scheduled to make monthly payments that do not pay all of the interest due that month. As a result, your loan amount will increase (negatively amortize), and your loan amount will likely become larger than your original loan amount. Increases in your loan amount lower the equity you have in this property. may have monthly payments that do not pay all of the interest due that month. If you do, your loan amount will increase (negatively amortize), and, as a result, your loan amount may become larger than your original loan amount. Increases in your loan amount lower the equity you have in this property.

X do not have a negative amortization feature.

Partial Payments Your lender

X may accept payments that are less than the full amount due

(partial payments) and apply them to your loan. may hold them in a separate account until you pay the rest of the payment, and then apply the full payment to your loan. does not accept any partial payments.

Security Interest You are granting a security interest in

You may lose this property if you do not make your payments or satisfy other obligations for this loan.

Escrow Account For now, your loan

X will have an escrow account (also called an "impound" or "trust"

account) to pay the property costs listed below. Without an escrow account, you would pay them directly, possibly in one or two large payments a year. Your lender may be liable for penalties and interest for failing to make a payment.

Escrow

Escrowed Property Costs over Year 1

Estimated total amount over year 1 for your escrowed property costs:

Non-Escrowed Property Costs over Year 1

Initial Escrow Payment

Estimated total amount over year 1 for your non-escrowed property costs:

You may have other property costs. A cushion for the escrow account you pay at closing. See Section G on page 2.

Monthly Escrow Payment

The amount included in your total monthly payment.

will not have an escrow account because you declined it your

costs, such as taxes and homeowner's insurance. Contact your lender to ask if your loan can have an escrow account.

No Escrow

Estimated Property Costs over Year 1

Escrow Waiver Fee

Estimated total amount over year 1. You must pay these costs directly, possibly in one or two large payments a year.

In the future, Your property costs may change and, as a result, your escrow payment may change. You may be able to cancel your escrow account, but if you do, you must pay your property costs directly. If you fail to pay your property taxes, your state or local government may (1)

you fail to pay any of your property costs, your lender may (1) add the amounts to your loan balance, (2) add an escrow account to your loan, or (3) require you to pay for property insurance that the lender buys on your behalf, which likely would cost more and provide fewer

Adjustable Payment (AP) Table Interest Only Payments? Optional Payments? Step Payments? Seasonal Payments? Monthly Principal and Interest Payments

First Change/Amount Subsequent Changes Maximum Payment

CLOSING DISCLOSURE

Adjustable Interest Rate (AIR) Table Index + Margin Initial Interest Rate Minimum/Maximum Interest Rate Change Frequency

First Change Subsequent Changes Limits on Interest Rate Changes First Change Subsequent Changes

PAGE 4 OF 5 ? LOAN ID # 0000000000

Sample Document for National Notary Association Signing Agent Certification Training

Loan Calculations

Other Disclosures

Total of Payments. Total you will have paid after you make all payments of principal, interest, mortgage insurance, and loan costs, as scheduled.

Finance Charge. The dollar amount the loan will cost you.

Amount Financed. The loan amount available after

Annual Percentage Rate (APR). Your costs over the loan term expressed as a rate. This is not your interest rate.

Total Interest Percentage (TIP). The total amount of interest that you will pay over the loan term as a percentage of your loan amount.

$334,211.11 $134,516.19 $199,694.92

3.940% 67.36%

Appraisal If the property was appraised for your loan, your lender is required to give you a copy at no additional cost at least 3 days before closing. If you have not yet received it, please contact your lender at the information listed below.

Contract Details See your note and security instrument for information about

? what happens if you fail to make your payments, ? what is a default on the loan, ? situations in which your lender can require early repayment of the loan, and ? the rules for making payments before they are due.

Liability after Foreclosure If your lender forecloses on this property and the foreclosure does not cover the amount of unpaid balance on this loan,

state law may protect you from liability for the unpaid balance. If you

?

Questions? If you have questions about the loan terms or costs on this form, use the contact information below. To get more information or make a complaint, contact the Consumer Financial Protection Bureau at

lose this protection and have to pay any debt remaining even after foreclosure. You may want to consult a lawyer for more information. state law does not protect you from liability for the unpaid balance.

the property value, and market conditions. You may not be able to

Tax Deductions If you borrow more than this property is worth, the interest on the loan amount above this property's fair market value is not deductible from your federal income taxes. You should consult a tax advisor for more information.

Contact Information

Name Address

NMLS ID ST License ID Contact Contact NMLS ID Contact License ID Email

Phone

Lender Tristar Finance Group 1000 Main Street Los Angeles, CA 91301

Amir Kumar 12345

akumar@ FICUSBANK.CO

123-456-7890

Mortgage Broker 222222

Settlement Agent Stallwart Title 5555 Casandia Dr., Suite 2 Modesto, CA 95822

P76821 Joan Taylor

ICUjoSaBnA@NKs. 555-321-9876

this form.

Applicant Signature CLOSING DISCLOSURE

Date

Co-Applicant Signature

Date PAGE 5 OF 5 ? LOAN ID # 0000000000

Sample Document for National Notary Association Signing Agent Certification Training

Loan Number:

NOTICE OF RIGHT TO CANCEL

Borrowers: RICHARD W

ROGERS

Property Address:

YOUR RIGHT TO CANCEL

You are entering into a transaction that will result in a mortgage, lien or security interest on or in your home. You have a legal right under federal law to cancel this transaction, without cost, within three business days from whichever of the following events occurs last:

1. the date of the transaction, which is

; or

2. the date you receive your Truth in Lending disclosures; or

3. the date you receive this notice of your right to cancel.

If you cancel the transaction, the mortgage, lien or security interest is also cancelled. Within 20 calendar days after we receive your notice, we must take the steps necessary to reflect the fact that the mortgage, lien or security interest on or in your home has been cancelled, and we must return to you any money or property you have given to us or to anyone else in connection with this transaction.

You may keep any money or property we have given you until we have done the things mentioned above, but you must then offer to return the money or property. If it is impractical or unfair for you to return the property, you must offer its reasonable value. You may offer to return the property at your home or at the location of the property. Money must be returned to the address below. If we do not take possession of the money or property within 20 calendar days of your offer, you may keep it without further obligation.

HOW TO CANCEL If you decide to cancel this transaction, you may do so by notifying us in writing, at TRISTAR FINANCE GROUP, INC 1000 MAIN STREET LOS ANGELES, CALIFORNIA 91301

You may use any written statement that is signed and dated by you and states your intention to cancel, or you may use this notice by dating and signing below. Keep one copy of this notice because it contains important information about your rights.

If you cancel by mail or telegram, you must send the notice no later than midnight of (or midnight of the third business day following the latest of the three events listed above). If you send or deliver your written notice to cancel some other way, it must be delivered to the above address no later than that time.

I WISH TO CANCEL.

Consumer' sSignature

Date

RICHARD W

ROGERS

ACKNOWLEDGMENT OF RECEIPT

EACH OF THE UNDERSIGNED HEREBY ACKNOWLEDGES THE RECEIPT OF TWO (2) COMPLETED COPIES OF THIS NOTICE OF RIGHT TO CANCEL.

RICHARD W

ROGERS

Date

NOTICE OF RIGHT TO CANCEL/RESCISSION MODEL FORM H-8 (GENERAL) 15 U.S.C. 1635(a); 12 CFR 1026.23; Model Form H-8 NORTC.MSC 12/30/11

Sample Document for National Notary Association Signing Agent Certification Training

NOTE

FHA CASE NO.

000-5555555-000

[Date]

[City]

[State]

[Property Address]

1. PARTIES

"Borrower" means each person signing at the end of this Note, and the person' s successors and assigns.

"Lender" means TRISTAR FINANCE GROUP

CORPORATION

and its successors and assigns.

2. BORROWER'S PROMISE TO PAY; INTEREST In return for a loan received from Lender, Borrower promises to pay the principal sum of

Dollars (U.S.$

), plus interest, to the order of Lender. Interest will be charged on unpaid

principal, from the date of disbursement of the loan proceeds by Lender, at the rate of

percent (

%) per year until the full

amount of principal has been paid.

3. PROMISE TO PAY SECURED Borrower' s promise to pay is secured by a mortgage, deed of trust or similar security instrument that is dated

the same date as this Note and called the "Security Instrument." The Security Instrument protects the Lender from losses which might result if Borrower defaults under this Note.

4. MANNER OF PAYMENT

(A) Time

Borrower shall make a payment of principal and interest to Lender on the first day of each month beginning on

20XX

. Any principal and interest remaining on the first day of

, will be due on that date, which is called the "Maturity Date."

(B) Place

Payment shall be made at 5555

,

or at such other place as Lender may designate in writing by notice to Borrower.

(C) Amount

Each monthly payment of principal and interest will be in the amount of U.S. $

.

This amount will be part of a larger monthly payment required by the Security Instrument, that shall be applied to

principal, interest and other items in the order described in the Security Instrument.

(D) Allonge to this Note for Payment Adjustments

If an allonge providing for payment adjustments is executed by Borrower together with this Note, the covenants

of the allonge shall be incorporated into and shall amend and supplement the covenants of this Note as if the allonge

were a part of this Note. (Check applicable box.)

Growing Equity Allonge Other [specify]

Graduated Payment Allonge

CALIFORNIA - FHA FIXED RATE NOTE CAFHA.NTE 03/01/10

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Sample Document for National Notary Association Signing Agent Certification Training

5. BORROWER'S RIGHT TO PREPAY Borrower has the right to pay the debt evidenced by this Note, in whole or in part, without charge or penalty,

on the first day of any month. Lender shall accept prepayment on other days provided that Borrower pays interest on the amount prepaid for the remainder of the month to the extent required by Lender and permitted by regulations of the Secretary. If Borrower makes a partial prepayment, there will be no changes in the due date or in the amount of the monthly payment unless Lender agrees in writing to those changes.

6. BORROWER'S FAILURE TO PAY

(A) Late Charge for Overdue Payments

If Lender has not received the full monthly payment required by the Security Instrument, as described in

Paragraph 4(C) of this Note, by the end of fifteen calendar days after the payment is due, Lender may collect a late

charge in the amount of FOUR AND 000/1000

percent (

4.000 %)

of the overdue amount of each payment.

(B) Default

If Borrower defaults by failing to pay in full any monthly payment, then Lender may, except as limited by

regulations of the Secretary in the case of payment defaults, require immediate payment in full of the principal balance

remaining due and all accrued interest. Lender may choose not to exercise this option without waiving its rights in

the event of any subsequent default. In many circumstances regulations issued by the Secretary will limit Lender' s

rights to require immediate payment in full in the case of payment defaults. This Note does not authorize acceleration

when not permitted by HUD regulations. As used in this Note, "Secretary" means the Secretary of Housing and

Urban Development or his or her designee.

(C) Payment of Costs and Expenses

If Lender has required immediate payment in full, as described above, Lender may require Borrower to pay costs

and expenses including reasonable and customary attorneys' fees for enforcing this Note to the extent not prohibited

by applicable law. Such fees and costs shall bear interest from the date of disbursement at the same rate as the

principal of this Note.

7. GROUNDS FOR ACCELERATION OF DEBT (A) Default

Lender may, except as limited by regulations issued by the Secretary in the case of payment defaults, require immediate payment in full of all sums secured by the Security Instrument and due under this Note if:

(i) Borrower defaults by failing to pay in full any monthly payment required by this Note and the Security Instrument prior to or on the due date of the next monthly payment, or

(ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in the Security Instrument securing this Note.

(B) Sale Without Credit Approval

Lender shall, if permitted by applicable law (including section 341 (d) of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j - 3(d)) and with the prior approval of the Secretary, require immediate payment in full of all the sums due under this Note and secured by the Security Instrument if:

(i) All or part of the Property, or a beneficial interest in a trust owning all or part of the Property, is sold or otherwise transferred (other than by devise or descent), and

(ii) The Property is not occupied by the purchaser or grantee as his or her principal residence, or the purchaser or grantee does so occupy the Property, but his or her credit has not been approved in accordance with the requirements of the Secretary.

(C) No Waiver

If circumstances occur that would permit Lender to require immediate payment in full, but Lender does not require such payments, Lender does not waive its rights with respect to subsequent events.

(D) Regulations of HUD Secretary

In many circumstances regulations issued by the Secretary will limit Lender' s rights, in the case of payment defaults, to require immediate payment in full and foreclose if not paid. This Note and the Security Instrument do not authorize acceleration or foreclosure if not permitted by regulations of the Secretary.

CALIFORNIA - FHA FIXED RATE NOTE CAFHA.NTE 03/01/10

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