The Mortgage Bankers Association (MBA) has created a sample disclosure for lenders to share with consumers applying for an adjustable-rate mortgage. The disclosure informs consumers about the possible discontinuation of the London Interbank Offered Rate (LIBOR) which may result in a change to their monthly payment if their loan is tied to a new published index. To view the MBA’s press release regarding the sample disclosure, click here.
DocMagic is making this form available for customers to add to their account upon request. To view the form, click here. If you wish to add the form to your account (Form ID: ARMDPDL.MSC), please let us know by contacting customer service.
