1440 Conchester Pike Garnet Valley, PA 19061 | Directions
Tel: 610-566-5626 | Fax: 610-358-5626 | www.rmghomeloans.com |
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Disclosures
Privacy Policy
Delaware Title 21
PRIVACY POLICY
Respecting and protecting customer privacy is vital to our business. By explaining our Privacy Policy to you, we trust that you
will better understand how we keep our customer information private and secure while using it to serve you better. Keeping customer information secure
is a top priority, and we are disclosing our policies to help you understand how we handle the personal information about you that we collect and
disclose. This notice explains how you can limit our disclosing of personal information about you. The provisions of this notice will apply to former
customers as well as current customers unless we state otherwise.
The Privacy Policy explains the following:
Protecting the Confidentiality of Customer Information:
We take our responsibility to protect the privacy and confidentiality of customer information very seriously. We maintain physical, electronic, and
procedural safeguards that comply with federal standards to store and secure information about you from unauthorized access, alteration, alteration,
and destruction. Our control policies, for example, authorize access to customer information, and they may not use it for any other purposes.
Who is Covered by the Privacy Policy:
We Provide our Privacy Policy to customers when they conduct business with our company. If we change our privacy policies to permit us to share
additional information we have about you, as described below, or to permit disclosures to additional types of parties, you will be notified in
advance. This Privacy Policy applies to consumers who are current customers or former customers.
How We Gather Information:
As part of providing you with financial products or services, we may obtain information about you from the following sources:
Applications, forms, and or other information that you provide to us, whether in writing, in person, by telephone, electronically, or by any other
means. This information may include your name, address, employment information, income, and credit references;
Your transaction with us, our affiliates, or others. This information may include your account balances, payment history, and account usage;
Consumer reporting agencies. This information may include account information and information about your credit worthiness;
Public Sources. This information may include real estate records, employment records, and telephone numbers, etc.
Information We Share:
We may disclose information we have about you as permitted by law. We are required to or we may provide information about you to third-parties without
your consent, as permitted by such law, such as:
- To regulatory authorities and law enforcement officials.
- To protect against or prevent actual or potential fraud, unauthorized transactions, claims, or other liability.
- To report account activity to credit bureaus.
- To consumer reporting agencies.
- To respond to a subpoena or court order, judicial process or regulatory authorities.
- In connection with a proposed or actual sale, merger, or transfer of all or a portion of a business or an operating unit, etc.
- In addition, we may provide information about you to our service providers to help us process your applications or service your accounts. Our service
providers may include billing service providers, mail and telephone service companies, lenders, investors, title and escrow companies, appraisal
companies, etc.
We may also provide information about you to our service providers to help us perform marketing services. This information provided to these service
providers may include the categories of information described above under "How We Gather Information" limited to only that which we deem appropriate
for these service providers to carry out their functions.
We do not provide non-public information about you to any company whose products and services are being marketed unless your specific
authorization.
DELAWARE TITLE 21
2103 Mortgage Loan Broker Regulations Itemized Schedule of Charges
5 Del.C. §2115 Effective Date: November 12, 1999
1.0 Notification - Every licensee shall make available for review to every applicant, a copy of this
regulation at the time when such application is made. Posting of this regulation in the office of the licensee in a place both prominent and easily
visible to all potential applicants shall satisfy this requirement. An explanation as to the contents and limitations contained herein shall satisfy
this requirement when transactions occur telephonically. An informational screen containing these limitations with an affirmative acknowledgement by
the consumer prior to application shall satisfy this requirement for internet transactions.
2.0 Fees Permissible for Collection Prior to Receipt of a Written Commitment - In connection with the
application for credit and on behalf of the borrower, the following fees subject to the limitations enumerated herein may be collected prior to the
receipt of a written commitment from a bona fide lender:
2.1 Property appraisal fees shall be limited to the amount paid to a third-party for such appraisal and
shall be limited to those amounts that are customary and reasonable;
2.2 Credit report fees shall be limited to the actual cost of the report, the amount of which was paid
to a third-party. Such amounts shall be customary and reasonable;
2.3 Title examination fees and/or title insurance shall be limited to those amounts actually expended
for such purposes. Such amounts shall be customary and reasonable;
2.4 Returned check charges may be assessed to consumers, provided the amounts of such charges are
customary and reasonable for checks that are returned unpaid;
2.5 Other bona fide third-party fees actually and reasonably paid or incurred on behalf of the borrower.
Such other fees shall not be incurred without the express permission of the borrower and shall be limited to amounts actually paid or incurred. Such
amounts shall be customary and reasonable;
2.6 An application fee may be imposed in lieu of the fees itemized above (excluding item 2.4) provided
the amount of such application fee reasonably reflects the anticipated amounts of all appropriate fees and amounts collected in excess of such actual
costs shall be refunded. Those fees which reasonably exceed the anticipated amounts shall be payable by the borrower.
2.7 Fees associated with the commitment of a specific interest rate, to be held for a specified period
of time, may be collected in accordance with a signed rate lock agreement, provided the fees are payable to the lender.
3.0 Fees Permissible for Collection Upon or After Receipt of a Written Commitment or Pre-Approval and
Prior to Consummation of the Mortgage Loan
3.1 Fees associated with loan commitments, if such fees are required by the lender upon receipt of a
written commitment, provided the fees are payable to the lender.
3.2 Fees that the lender may require in advance of a loan closing, provided, however, that such fees are
paid directly to the lender or third-party provider.
3.3 This section shall not prohibit the collection of fees otherwise permitted under item 2 of this
regulation, if such fees are collected after receipt of a written commitment or pre-approval.
4.0 Collection of Fees in the Name of the Mortgage Loan Broker - Notwithstanding the limitations under
items 2.7 and 3.0, a mortgage loan broker may collect the fees authorized in items 2.7 and 3.0 of this regulation, in the mortgage loan broker's own
name, if required by the lender.
5.0 Fees for Mortgage Loan Broker Services - A fee may be collected from a bona fide lender, in
accordance with the mortgage loan broker agreement, at closing or following the recissionary period (for loans which qualify for recission under the
Federal Truth-in-Lending Act). In no event shall the aggregate points charged to the borrower exceed ten percent of the principal amount of the loan.
Such point limitation shall apply to points assessed by the lender on the lender's behalf, together with points charged by the lender on behalf of
any other party to the transaction. The total compensation paid to a mortgage loan broker shall reasonably reflect the value of the goods and services
provided.
See 3 DE Reg. 653 (11/01/99)
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