State Disclosures for Home Loans

In California:

1. If an applicant is married, each spouse may apply for a separate credit account.

In Connecticut:

1. Lender does not offer bridge financing. The lender's and the borrower's legal interests are not the same and the borrower cannot be required to be represented by the lender's legal counsel and the borrower has the right to waive the right to separate legal counsel. Borrower may be required to pay the cost of private mortgage insurance or if private mortgage insurance is not charged to the borrower, the interest rate on the loan may be higher that it otherwise would have been if the loan-to-value ratio is greater than 80%. Borrower will receive specific information about private mortgage insurance and the interest rate with required truth in lending disclosure documents.

In Florida:

Insurance Anti-coercion statement for Real and Personal Property

The Insurance Laws of this state provide that the lender may not require the borrower to take insurance through any particular insurance agent or company to protect the mortgaged property.

The borrower, subject to the rules adopted by the Financial Services Commission, has the right to have the insurance placed with an insurance agent or company of his choice, provided the company meets the requirements of the lender. The lender has the rights to designate reasonable financial requirements as to the company and the adequacy of the coverage.

In Maine:

1. Applicant has the right to select his or her own attorney to search the title and certify the title to the lender. If the attorney chosen by the applicant meets the lender's requirements, then no additional fees may be charged to the applicant for title work.
2. Applicant has the right to select the insurer through which any required insurance will be purchased and that obtaining insurance through a particular agent or broker does not affect the credit decision of the lender, unless the insurance product violates the terms of the credit agreement regarding the adequacy of coverage or is otherwise not approved as permitted by State of Maine.

In Maryland:

1. Wells Fargo Financial cannot guarantee the acceptance of you application into any particular loan program.

In Michigan:

BORROWERS BILL OF RIGHTS

1. You have the RIGHT to shop for the best loan for you and compare the charges of different mortgage brokers and lenders.
2. You have the RIGHT to be informed about the total cost of your loan including the interest rate, points, and other fees.
3. You have the RIGHT to obtain a "Good Faith Estimate" of all loan and settlement charges before you agree to the loan or pay any fees.
4. You have the RIGHT to know what fees are nonrefundable if you decide to withdraw your loan application.
5. You have the RIGHT to ask your mortgage broker to explain exactly what the mortgage broker will do for you.
6. You have the RIGHT to know how much the mortgage broker is getting paid by you and the lender for your loan.
7. You have the RIGHT to ask questions about charges and loan terms that you do not understand.
8. You have the RIGHT to a credit decision that is not based on your race, color, religion, national origin, sex, marital status, age, or whether any income is derived from public assistance.
9. You have the RIGHT to know the reason if your loan application is turned down.
10. You have the RIGHT to receive the HUD settlement costs booklet "Buying Your Home".

CONSUMER CAUTION AND HOME OWNERSHIP COUNSELING NOTICE

If you obtain this loan, the lender will have a mortgage on your home. You could lose your home, and all money you have invested in it, if you do not meet your obligations under the loan, including making all your payments.

Mortgage loans rates and closing costs and fees vary based on many factors, including your particular credit and financial circumstances, your earnings history, the loan-to-value requested, and the type of property that will secure your loan. Higher rates and fees may be applicable depending on the individual circumstances of a particular consumer's application.

You should shop around and compare loan rates and fees. This particular loan may have a higher rate and total points and fees than other mortgage loans. You should consider consulting a qualified independent credit counselor or other experienced financial adviser regarding the rate, fees, and provisions of this mortgage loan before you proceed. For information on contacting a qualified credit counselor, ask your lender or call the United States Department of Housing and Urban Development's counseling hotline at 1-888-466- 3487 for a list of counselors.

You are not required to complete any loan agreement merely because you have received these disclosures or have signed a loan application. If you proceed with this mortgage loan, you should also remember that you may face serious financial risks if you use this loan to pay off credit card debts and other debts in connection with this transaction and then subsequently incur significant new credit card charges or other debts.

Property taxes and homeowner's insurance are your responsibility. Not all lenders provide escrow services for these payments. You should ask your lender about these services. Your payments on existing debts contribute to your credit ratings. You should not accept any advice to ignore your regular payments to your existing creditors.

In Montana:

1. Loans are made by Wells Fargo Bank, N.A.

In New York:

1. All interest rates are subject to change until the loan is closed.
2. You should check with your legal advisor and with other mortgage lien holders as to whether any existing liens on your resident contain acceleration clauses which would be activated by a junior encumbrance.
3. If you are interested in an open-end line of credit, the cost of any title insurance and the mortgage recording tax will be based on the maximum amount of the credit line, whether advanced or not.
4. A consumer credit report may be requested by the creditor and the applicant, upon request, will be informed whether or not a report was requested. If a consumer report is received, the creditor must disclose the name and address of the consumer reporting agency to the applicant. Subsequent requests for consumer reports may be made by creditor after the loan is closed in order to update, renew or extend credit for which the application is made.
5. Hazard insurance is required by the lender. The lender cannot require the borrower to maintain hazard insurance in excess of the replacement cost of the improvements on the property securing the loan.

In Ohio:

1. The Ohio laws against credit discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

In Rhode Island:

1. A Rhode Island criminal penalty may be imposed against any applicant who has been convicted of arson within the last 10 years and fails to disclose that fact to the lender.

In Utah:

1. The mortgage loan applied for may be sold or assigned, or the servicing of the loan may be sold or assigned, and that the mortgage loan will not necessarily be held or serviced by the lender that originates it.

In Virginia:

1. Any interest rate, points, and fees quoted at the time of application are subject to change until the loan is closed. The estimated processing time for closing the loan is unknown at this time. An estimate will be provided to you after this application is provided to our team members in Virginia. The estimated processing time will take into account the time needed for performance of any local government inspections and any functions necessary to close the loan.

In Wisconsin:

1. No application fee or other charge must be paid by the applicant in connection with a loan application. Completion of the loan application does not result in an agreement to make a loan by Wells Fargo Financial and any interest rate, points, and fees associated with our loans are subject to change until the loan is closed.
2. No provision of a marital property agreement, a unilateral statement under the marital property law, or a court decree adversely affects the interest of the creditor unless the creditor prior to the time the credit is granted is furnished with a copy of the agreement, statement or decree or has actual knowledge of the adverse provision when the debt to the creditor is incurred.