Washington Dc Financing Agreement

Washington Dc Financing Agreement

A written obligation, financing agreement or lock-in agreement executed in accordance with this section may be considered questionable and unenforceable, unless the agreement is signed by the borrower and will contain the information required in this section. A financing agreement containing the information required by section 14 of the Act may be submitted and executed by the mortgage lender and the borrower instead of a written commitment if the financing agreement is not subject to any future provision, modification or modification and if the financing agreement meets the requirements of section 1117.1. A written undertaking, executed by the mortgage lender and the borrower in accordance with section 15(a)(8) of the Act, may be submitted in lieu of a financing agreement if the written obligation contains the information required in section 14 of the Act and the information required in section 1117.1. The mortgage lender may enter into a lock-in agreement if the lender and any borrower perform the contract and the contract contains the information required in section 1117.5. . . .

Scroll to top