Disclosure Requirements by state
State-specific disclosure obligations across loan phases (pre-application, application, pre-closing, closing).
38 states covered. Select a state for the full answer and its citation.
| State | Disclosure Requirements |
|---|---|
| Alabama | Licensees must disclose in writing the nature of the mortgage broker's relationship to the borrower and the method of compensation before collecting a mortgage broker fee. No other state-specific disclosure documents for residential mortgag… |
| Arizona | Arizona requires that each residential mortgage loan note or agreement include a disclosure in English and Spanish near the signature line, informing the borrower that they may request TILA disclosures in Spanish before signing (A.R.S. § 6-… |
| California | For nontraditional mortgage products (e.g., interest-only or negative amortization loans), a real estate broker must provide the disclosure statement using Bureau of Real Estate Form RE 885 (Rev. 8/08) to prospective borrowers prior to loan… |
| Colorado | Colorado requires several state-specific disclosures: (1) Tangible Net Benefit Disclosure at loan application and again before closing if the net benefit changes (Rule 3-1-1); (2) Colorado Compensation Disclosure Form within 3 business days… |
| District of Columbia | For all first or subordinate mortgage loans on 1-4 family homes, a financing agreement must be delivered at least 72 hours before settlement. For non-conventional mortgage loans, a detailed Mortgage Disclosure Form must be provided within 3… |
| Florida | For high-cost home loans, Florida requires a specific notice to borrower (outlining risks, counseling, etc.), disclosure of APR and monthly payments (including balloon payments if applicable), and a notice to purchasers and assignees. These… |
| Georgia | Georgia requires state-specific disclosures for residential mortgage loans: (1) Fee disclosures—prior to accepting any fee, lenders/brokers must disclose the amount, refundability, specific services, and that the fee does not guarantee appr… |
| Idaho | Idaho requires specific state disclosures under IDAPA 12.01.10.050 and Idaho Code § 45-1602. For residential mortgage loans, within 3 business days of application, lenders must provide: (1) a written prepayment penalty disclosure in a form… |
| Illinois | Illinois requires licensees to provide a notice of any material change in loan terms (defined as a change in loan type, term, interest rate increase >0.15%, monthly payment increase >5%, escrow or PMI changes) and any fee increase >10% or $… |
| Indiana | Indiana requires specific disclosures only for high cost home loans: (1) a written offer of loan product choice with a prepayment penalty option, clearly labeled and initialed by the borrower (IC 24-9-4-1(4)); (2) a notice to purchasers/ass… |
| Kansas | Kansas requires loan brokers to provide a written disclosure document at least seven days before a consumer signs a contract or pays consideration. The document must include a cover sheet titled 'DISCLOSURES REQUIRED BY KANSAS LAW' with a s… |
| Kentucky | Kentucky requires mortgage loan companies and brokers to disclose all fees paid to them on the closing disclosure, clearly identifying the recipient of each fee. Additionally, any ownership or control between settlement service providers mu… |
| Louisiana | A 'Loan Brokerage Agreement and Disclosure Statement' must be provided to and signed by the applicant at the time of application for any consumer or federally related mortgage loan involving a loan broker. The statement must include specifi… |
| Maine | If the processor or underwriter of the loan also engages in private mortgage insurance business, the lender or loan broker must disclose that fact to the applicant at the time of application. |
| Maryland | For shared appreciation agreements, a lender must provide a financing agreement (disclosure form in Appendix A or substantially similar) within 10 business days after a completed application, and a commitment (same form with statement that… |
| Massachusetts | A written disclosure of loan fees, points, or similar fees must be provided to the mortgagor prior to charging such fees. The disclosure may be in the form required by Mass. Gen. Laws ch. 184, § 17D or another form that discloses the fees. |
| Minnesota | Minnesota requires a nonagency disclosure from residential mortgage originators (or exempt persons other than mortgage brokers) who do not contract to act as the borrower's agent. The disclosure must be provided within three business days o… |
| Mississippi | Mississippi requires a Mortgage Origination Agreement containing statements about the licensee's bond, borrower protection under the Mississippi S.A.F.E. Mortgage Act, and complaint contact information for the Mississippi Department of Bank… |
| Montana | Within 3 business days of taking an application, the mortgage loan originator (if working for a mortgage broker) must provide a written disclosure prescribed by the department by rule. No other state-specific disclosure documents are identi… |
| Nebraska | Nebraska requires a written disclosure statement from a loan broker prior to the borrower signing a loan brokerage agreement. The disclosure must include a cover sheet titled "DISCLOSURES REQUIRED BY NEBRASKA LAW" with a specific disclaimer… |
| New Jersey | When a real estate licensee provides mortgage financing services to a buyer, the licensee must provide written disclosure to the buyer before charging any fees for mortgage financing services. The disclosure must include: all fees the buyer… |
| New Mexico | Under NM Stat §58-21-31, a mortgage loan company must provide: (B) a revised good faith estimate and copy of the lock-in agreement within 3 days of locking the rate; (D) disclosure of total compensation (including origination fees, yield sp… |
| North Carolina | North Carolina requires mortgage brokers to provide a Mortgage Broker Compensation Disclosure (model form MLA 18) to borrowers, disclosing total compensation from all sources for each loan option presented. This disclosure must be made time… |
| North Dakota | For loans arranged by a money broker, a loan disclosure statement must be prepared containing a summary of loan terms (complying with federal RESPA and TILA) and general information including principal and interest, balloon payment caution… |
| Ohio | At closing, a supplier must provide a written notice (in duplicate, in at least 14-point type) stating that the consumer is not required to complete the transaction merely because they received prior estimates or signed an application. The… |
| Oklahoma | At loan application, the mortgagee must provide the buyer with a written notice stating whether any title protection document that will be issued will provide protection to the buyer, and advising the buyer to seek independent advice regard… |
| Oregon | Oregon requires lenders to provide translated versions of key federal disclosures (Loan Estimate, Closing Disclosure, and General Disclosure) if the lender advertises or conducts a substantial part of the loan communication in a language ot… |
| Pennsylvania | Pennsylvania does not require a state-specific disclosure document for residential mortgage loans beyond federal requirements. However, licensees must disclose broker fees (7 Pa.C.S. § 6122(b)(2)) and, if property insurance is financed, the… |
| Rhode Island | Rhode Island requires several state-specific disclosures: (1) Disclosure Forms 1 and 2 within three days of application for all applicants; (2) Disclosure Form 3 ('Rhode Island Home Loan Protection Act Disclosure-Tangible Net Benefit') prov… |
| South Carolina | At the time of application for any mortgage loan, the broker must provide a document specifying the agency designated to receive complaints, with telephone number and address (S.C. Code § 37-23-70(D)). For high-cost home loans, before closi… |
| Tennessee | For high-cost home loans (as defined in Tenn. Code § 45-20-102), Tennessee requires: (1) a written 'Notice to Borrower' (with specific statutory text) provided at the same time as the federal HOEPA notice under 12 CFR 226.31(c) (generally a… |
| Texas | Texas requires mortgage servicers to provide a written notice to the borrower concerning SML regulatory oversight within 30 days of commencing servicing. The notice must be in the form prescribed by SML and included in the first notice sent… |
| Utah | Utah requires a written notice at the time of loan application disclosing that the loan may be sold or assigned, and that the loan will not necessarily be held or serviced by the originating lender. |
| Vermont | Vermont requires a commitment letter for all residential mortgage loans. The letter must include specific content (e.g., loan amount, interest rate, escrow details, NMLS numbers) and be delivered to the borrower at least three business days… |
| Virginia | At the time a residential mortgage loan application is submitted, the lender or broker must provide a written statement describing when interest, points, and fees will be locked in, and a good faith estimate of processing time (including lo… |
| Washington | Within three business days of receiving a loan application, a mortgage broker or loan originator must provide a written disclosure itemizing all fees and costs, including APR, finance charge, amount financed, payment terms, points, and vari… |
| Wisconsin | Before entering into a contract with a borrower, a mortgage broker must provide a disclosure statement explaining the broker-client relationship and compensation, and ensure the borrower initials or signs it. Additionally, a written mortgag… |
| Wyoming | A prepayment penalty disclosure is required if the residential mortgage loan includes a prepayment penalty. The disclosure must be in writing, state that a prepayment penalty imposes a charge for early payoff or refinancing, and be delivere… |
Other state comparisons
- Prepayment Penalty Rules by state (44 states)
- Required Documents by state (30 states)
- Permissible Fees by state (17 states)
- High-Cost Thresholds by state (3 states)
Researched and verified against primary sources by AI, with the controlling citation shown on every answer. Not human-reviewed and not legal advice — confirm against the cited source before relying on it.