Disclosure Requirements – State Required Disclosures in a Mailer Piece
Not all states have a disclosure requirement. You should disclose the following in all ads:
- The licensed name of your company
- Your company’s licensed address
- Your toll free phone number
- NMLS ID #
- Equal Housing Lender Logo
Here’s an example of state required Disclosures for a 50 state licenses mortgage lender. Check with your compliance officer or attorney when preparing your version of such a provision in your mortgage ads. This sample will help you get on your way to having a fifty state required disclosure for mailer type mortgage ad mailed nation wide.
Here it is:
All loan programs are offered by Main Street Mortgage, Inc. 33 Main Street, Anytown, Pennsylvania, Zip. 888-555-5555/ All loans will be secured by a lien against your property. Not all applicants will be approved. Terms and conditions apply, call for details. AZ Mortgage Banker License No. 1234567; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License No. 1234567; Regulated by the Colorado Division of Real Estate; GA Residential Mortgage License No. 1234567; IL Residential Mortgage Licensee # 1234567; IL Residential Mortgage Licensee MB.1234567 – Department of Financial Regulation; MA Mortgage Lender & Mortgage Broker License No. MC1234567; Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; NJ Residential Mortgage Lender License; Licensed Mortgage Banker – NYS Department of Financial Services; OH Mortgage Broker Act Mortgage Banker Exemption No. MBMB.1234567; OR Mortgage Lender License # ML-1234567; Rhode Island Licensed Lender; VA Exempt Company Registration; WA Consumer Loan License No. CL-1234567; NMLS No. 1234567.