Minnesota required documents

Minnesota requires mortgage originators not acting as the borrower's agent to provide a specific non-agency disclosure within three business days of accepting a residential mortgage loan application. The disclosure must be a separate 8.5x11-inch document, signed by the borrower, with a 14-point boldface statement stating the originator is not acting as the borrower's agent and cannot guarantee the lowest or best terms. For electronic applications, the disclosure may be a separate screen requiring acknowledgment before acceptance.