By signing below, I/we, the undersigned applicant(s), acknowledge and agree to the following terms and conditions regarding this loan application:
1. Accuracy of Information
I/we certify that all information provided in this application, including financial statements, property details, and supporting documentation, is true, correct, and complete to the best of my/our knowledge. I/we understand that any misrepresentation, falsification, or omission of material facts may result in denial of the loan application or legal consequences.
2. Authorization to Verify Information
I/we authorize the lender and its representatives, including but not limited to underwriters, loan officers, and third-party verification services, to obtain and verify all information necessary to process this application. This may include, but is not limited to:
• Personal and business credit reports
• Bank statements and financial history
• Property valuations, rent rolls, and income verifications
• Employment and income verification
3. No Guarantee of Loan Approval
I/we understand that submitting this application does not guarantee loan approval or specific loan terms. Loan approval is subject to lender underwriting criteria, due diligence, and final credit decisioning.
4. Consent to Credit Check & Financial Review
I/we authorize the lender to obtain personal and business credit reports for the purpose of evaluating this loan request. I/we understand that this inquiry may impact my/our credit score.
5. Loan Terms & Conditions
I/we acknowledge that the final loan terms, including interest rate, repayment structure, and any applicable fees, will be determined only after underwriting and approval. No verbal or preliminary discussions constitute a binding agreement.
6. Legal & Compliance Disclosure
I/we understand that this application and any subsequent loan agreement will be subject to federal, state, and local lending laws, including anti-money laundering (AML) and Know Your Customer (KYC) regulations.
7. Privacy & Data Usage
I/we acknowledge that the lender may collect, store, and process my/our personal and financial information for the purpose of evaluating and servicing the loan. The lender agrees to maintain confidentiality and use reasonable security measures to protect my/our data.
8. Electronic Communication & E-Signature Consent
I/we consent to receive communications, disclosures, and loan-related documents electronically. I/we further agree that my/our electronic signature shall be legally binding as if signed in person.