Disclosures

The licensee shall create and retain a file for each mortgage loan application which shall contain, as applicable, applicant's name, date, name of person taking the application, HUD1 Settlement Statement, copies of all agreements or contracts with the applicant, including any commitment and lock-in agreements, and all disclosures required by State and Federal law.  04 NCAC 03M .0501(c)

Click here to view Disclosures to Retain

Closed Loan File Stacking Order

There are no specific statutory requirements on exactly how a closed loan file must be organized.  The NCCOB recommends that closed loan files be in a consistent stacking order.

Click here to view a Recommended Stacking Order