TBC - Borrower Certification of Business Purpose

BORROWER CERTIFICATION OF BUSINESS PURPOSE
Loan Number
Date

MonthDayYear
Borrower(s) Name
Borrower (s) Address

Street Address

Street Address Line 2

CityState

Zip Code
Borrower (s) Address

Street Address

Street Address Line 2

CityState

Zip Code
Borrower or its members (“Borrower”) hereby warrants and represents that they wish to continue with the loan application, that the loan is for commercial purposes and not consumer purposes, and that the loan proceeds are intended to be used and shall be used for commercial purposes only, not for personal, family or household purposes. Borrower also represents that none of the properties securing the loan is currently occupied by Borrower as their primary residence or vacation home, but instead all properties are leased or intended to be leased or occupied by an entity or person other than Borrower, and that Borrower shall not occupy or reside in any of the properties during the term of the loan.
Borrower’s purpose in applying for the loan is to use the proceeds of the loan for:
Because the loan would be made exclusively for commercial purposes as noted immediately above, laws applicable to consumer purpose loans, such as the following laws, are not applicable to the loan: Truth in Lending Act 15 U.S.C. § 1601 et seq, Real Estate Settlement Procedures Act 12 U.S.C. § 2601 et seq, Gramm‐Leach Bliley Act 15 U.S.C. §§ 6802–6809, Secure and Fair Enforcement Mortgage Licensing Act 12 U.S.C. § 5101 et seq, and Homeowners Protection Act 12 U.S.C. § 4901 et seq.)

By signing below Borrower hereby confirms that they have read and understand the Borrower Certification of Business Purpose, that the information provided in connection with obtaining the loan is complete and accurate as of the date above, and that the Properties are non-owner occupied investment properties.
Borrower Signature

Clear
(Signature)
Borrower Name
Date

MonthDayYear
Are there Co-Borrower's?*
Co-Borrower Signature (if applicable)

Clear
Co-Borrower Name (if applicable)
Date

MonthDayYear
Date
Co-Borrower 2 Signature (if applicable)

Clear
Co-Borrower 2 Name (if applicable)
Date

MonthDayYear
Date
Co-Borrower 3 Signature (if applicable)

Clear
Co-Borrower 3 Name (if applicable)
Date

MonthDayYear
Date
Should be Empty:

BORROWER CERTIFICATION OF BUSINESS PURPOSE