Disclosures for Home Equity Loans

In Arizona:

1. Loans are made by Wells Fargo Financial Arizona, Inc.; Mortgage Banker License Number: BK7732.

In California:

1. If an applicant is married, each spouse may apply for a separate credit account.
2. Loans will be made by Wells Fargo Financial California, Inc. pursuant to a Department of Corporations California Finance Lenders License. Loans over $5,000 may be secured by real estate, personal property or both. An administrative fee may be charged in connection with the refinancing of the loan in accordance with California Finance Lenders Law, Section 22305.

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 Delaware:

1. Interest
   1. A lender may charge and collect interest in respect to a revolving credit plan or closed end loan at such daily, weekly, monthly, annual, or other periodic percentage rate or rates as the agreement governing the plan or loan provides, or as established in the manner provided in such agreement. Periodic interest may be calculated on a revolving credit plan using any balance computation method provided for in the agreement governing the plan. Periodic interest may be calculated on a closed end loan by way of simple interest or such other method as the agreement governing the loan provides.
   2. If the agreement governing the revolving credit plan or closed end loan so provides, the periodic percentage rate or rates of interest may vary in accordance with a schedule or formula. Such periodic percentage rate or rates may vary from time to time as the rate determined in accordance with such schedule or formula varies and such periodic percentage rate or rates, as so varied, may be made applicable to all or any part of the outstanding unpaid indebtedness or outstanding unpaid amounts. In the case of revolving credit, such rate shall become applicable on or after the first day of the billing cycle that contains the effective date of such variation. In the case of closed end loan transactions, such rate may be made applicable to all or any part of the outstanding unpaid amounts on and after the effective date of such variation. Without limitation, a permissible schedule or formula hereunder may include provisions in the agreement governing the revolving credit plan or closed end loan agreement for a change in the periodic percentage rate or rates of interest applicable to all or any part of outstanding unpaid indebtedness or outstanding unpaid amounts, whether by variation of the then applicable periodic percentage rate or rates of interest, variation of an index or margin or otherwise, contingent upon the happening of any event or circumstance specified in the plan or agreement, which event or circumstance may include the failure of the borrower to perform in accordance with the terms of the revolving credit plan or loan agreement.
2. Additional Fees and Charges; Limitations - If the agreement governing the plan or loan so provides, in addition to, or in lieu of, interest at a periodic percentage rate or rates permitted by Chapter 22, Title 5 of the Delaware Code, the licensee may charge and collect the following fees and charges, subject to the limitations provided below, in respect to revolving credit plans or closed end loans:
   1. Revolving Credit - with respect to a borrower, a lender may charge, collect, or receive one or more of the following fees and charges under plans subject to the provisions of Subchapter II, Chapter 22, Title 5 of the Delaware Code:
      1. periodic charges - a daily, weekly, monthly, annual or other periodic charge in such amount or amounts as the agreement may provide for the privileges made available to the borrower under the plan;
      2. transaction charges - a transaction charge or charges in such amount or amounts as the agreement may provide for each separate purchase or loan under the plan;
      3. minimum charges - a minimum charge in such amount or amounts as the agreement may provide for each daily, weekly, monthly, annual or other scheduled billing period under the plan during any portion of which there is an outstanding unpaid indebtedness under the plan;
      4. fees for services rendered or reimbursement of expenses - reasonable fees for services rendered or for reimbursement of expenses incurred in good faith by the licensee or its agent in connection with such loan, including without limitation, commitment fees, official fees and taxes, premiums or other charges for any guarantee or insurance protecting the licensee against the borrower's default or other credit loss, or costs incurred by reason of examination of title, inspection, recording and other formal acts necessary or appropriate to the security of the loan, filing fees, attorney's fees and travel expenses. In the event a borrower defaults under the terms of a plan, the licensee may, if the borrower's account is referred to an attorney (not a regularly salaried employee of the licensee) or to a third party for collection and if the agreement governing the revolving credit plan so provides, charge and collect from the borrower a reasonable attorney's fee. In addition, following a borrower's default, the licensee may, if the agreement governing the plan so provides, recover from the borrower all court, alternative dispute resolution or other collection costs (including, without limitation, fees and charges of collection agencies) actually incurred by the licensee;
      5. over limit charges - a charge in such amount or amounts as the agreement may provide, for each daily, weekly, monthly, annual or other scheduled billing period under the plan during any portion of which the total outstanding indebtedness exceeds the credit limit established under the plan;
      6. delinquency charges - a late or delinquency charge upon any outstanding unpaid installment payments or portions thereof under the plan which are in default; provided, however, that no more than 1 such late or delinquency charge may be imposed in respect of any single such installment payment or portion thereof regardless of the period during which it remains in default; and provided further, however, that for the purpose only of the preceding provision all payments by the borrower shall be deemed to be applied to satisfaction of installment payments in the order in which they become due;
      7. returned check charges - a returned check charge may be assessed to consumers, in such amount or amounts as the agreement may provide, provided the amount(s) of such charges are customary and reasonable for checks that are returned unpaid;
      8. termination fees - a charge in such amount or amounts as the agreement may provide to terminate a revolving credit plan;
      9. charges incurred in connection with real estate secured transactions - in the case of revolving credit secured by real estate such additional charges as outlined in item 3.3 of this regulation may also be collected within the limitations stated therein.
   2. Closed End Credit - with respect to a borrower, a lender may charge, collect, or receive one or more of the following fees and charges for loans subject to the provisions of Subchapter III, Chapter 22, Title 5 of the Delaware Code:
      1. fees for services rendered or reimbursement of expenses - reasonable fees for services rendered or for reimbursement of expenses incurred in good faith by the licensee or its agent in connection with such loan, including without limitation, commitment fees, official fees and taxes, premiums or other charges for any guarantee or insurance protecting the licensee against the borrower's default or other credit loss, or costs incurred by reason of examination of title, inspection, recording and other formal acts necessary or appropriate to the security of the loan, filing fees, attorney's fees and travel expenses. In the event a borrower defaults under the terms of the loan, the licensee may, if the borrower's account is referred to an attorney (not a regularly salaried employee of the licensee) or to a third party for collection and if the agreement governing, or the bond, note or other evidence of, the loan so provides, charge and collect from the borrower a reasonable attorney's fee. In addition, following a borrower's default, the licensee may, if the agreement governing, or the bond, note or other evidence of, the loan so provides, recover from the borrower all court, alternative dispute resolution or other collection costs (including, without limitation, fees and charges of collection agencies) actually incurred by the licensee;
      2. deferral charges - a deferral charge may be assessed to a borrower in accordance with an agreement to permit the borrower to defer installment payments of a loan;
      3. delinquency charges - if the agreement governing the loan so provides, a late or delinquency charge may be imposed upon any outstanding unpaid installment payment or portions thereof under the loan agreement which are in default; provided, however, that no more than 1 such delinquency charge may be imposed in respect of any single such installment payment or portion thereof regardless of the period during which it remains in default; and provided further that no such delinquency charge may exceed 5% of the amount of any such installment or portion thereof in default;
      4. returned check charges - if the agreement governing the loan so provides, a returned check charge may be assessed to consumers, for checks that are returned unpaid provided the amount(s) of such charges are customary and reasonable;
      5. charges incurred in connection with real estate secured transactions - in the case of closed end credit secured by real estate such additional charges as outlined in item (3)(c) of this regulation may also be collected within the limitations stated therein.
   3. Real Estate Secured Transactions - with respect to a borrower, a lender may charge, collect, or receive one or more of the following fees and charges subject to the limitations herein, for loans subject to the provisions of Subchapters II (Revolving Credit) and III (Closed End Credit), Chapter 22, Title 5 of the Delaware Code when such loans are secured by real estate:
      1. loan origination points - points charged to the borrower on the lender's behalf for any purpose other than to reduce the periodic interest rate applicable to the mortgage loan may not exceed 10% of the principal amount of the loan. Such points may be deducted from the gross proceeds of the loan. For purposes of this regulation "gross proceeds" is the amount financed as defined in Federal Reserve Regulation Z;
      2. loan discount points - points charged to the borrower as a function of rate for the purpose of reducing the periodic interest rate applicable to the mortgage loan. Such points may be deducted from the gross proceeds of the loan;
      3. property appraisal fees - property appraisal fees shall be limited to the amount paid to a third party for such appraisal and shall be limited to those amounts that are customary and reasonable;
      4. credit report fees - credit report fees shall be limited to the actual cost of the report if paid to a third party, not an employee of the lender or affiliate. Such amounts shall be customary and reasonable;
      5. mortgage loan broker compensation fees - mortgage loan broker compensation may be deducted from the gross proceeds of the loan. Such amounts shall reasonably reflect the value of the goods, services and facilities provided;
      6. tax certification and service fees - fees for agreements to provide certification of the current tax status of the property as well as fees for ongoing monitoring and notice to the lender of all tax and improvement lien payments as they become due shall be limited to those amounts actually expended for such purposes. Such amounts shall be customary and reasonable;
      7. flood hazard certification or determination fees - determination fees may be charged for determining whether the property is or will be located in a special flood hazard area. This fee may also include the cost of life-of-loan monitoring. Such amounts shall be customary and reasonable;
      8. title abstract/search/examination and title insurance premiums - title insurance and/or cost of a title certificate, search, examination and binder shall be limited to those amounts actually expended for such purposes. Such amounts shall be customary and reasonable and may, at the borrower's discretion, include owner's coverage in addition to lender's coverage;
      9. legal fees - legal fees incurred in securing or closing a loan shall be limited to amounts actually paid to an attorney not in the employ of the lender, its parent, or affiliate, and such charges shall not exceed those which are customary and reasonable;
      10. recording/satisfaction fees - recording/satisfaction fees shall be limited to those actually expended by the lender to any governmental authority for protection of interest in collateral tendered. The State Bank Commissioner may approve the payment of alternative fees for this purpose provided the amount of said fee (payable by the borrower) shall not exceed the amount which would be payable to any governmental authority for protection of interest in collateral tendered;
      11. property survey fees - property survey fees to obtain a drawing that delineates the exact boundaries of a property, including lot lines and placement of improvements on the property, shall be limited to those amounts actually expended for such purposes. Such amounts shall be customary and reasonable;
      12. pest inspection fees - pest inspection fees to cover inspections for termites or other pest infestation on the property shall be limited to those amounts actually expended for such purposes. Such amounts shall be customary and reasonable;
      13. fees incidental to loan closing - other fees and charges including but not limited to: odd days interest, hazard and mortgage insurance premiums, escrow reserves, lender's inspection fees, mortgage insurance application fees, assumption fees, underwriting fees, document preparation fees, settlement or closing fees, notary fees, funding fees, fees for lead based paint or other inspections and overnight mail fees may be charged and such amounts shall be customary and reasonable;
      14. prepayment penalties - a charge in such amount or amounts as the agreement so provides imposed in connection with the payoff and termination of a revolving credit plan or closed end loan secured by real estate;
      15. notwithstanding the provisions of item 3.3 of this regulation, Licensed Lenders who are making mortgage loans pursuant to the rules, regulations, guidelines and/or loan forms established by the State of Delaware or federal governmental or quasi-governmental entity (including, without limitation: the Federal Housing Administration, the Department of Veterans Affairs, the Farmers Home Administration, the Government National Mortgage Association, the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation) shall be permitted to charge and collect any fees, charges or sums prescribed to be charged and collected in connection with a mortgage loan originated pursuant to a lending program conducted or supervised by any such entity.

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 Georgia:

1. All loans are subject to our credit policy and credit limitations.
2. Loans are made by:
   1. Wells Fargo Financial Alabama, Inc. – License number 11594: 1825 Stadium Dr., Phenix City, AL 36867
   2. Wells Fargo Financial Georgia, Inc. – License numbers 5999, 17725: 3655 Marketplace Blvd. Suite 250, East Point, GA 30344
   3. Wells Fargo Financial System Florida, Inc. – License number 7406: 8380 Baymeadows Rd., Jacksonville, FL 32256
   4. Wells Fargo Financial Tennessee, Inc. – License number 7407: 1740 Gunbarrel Rd., Chattanooga, TN 37421

In Idaho:

1. All loans are made by Wells Fargo Financial Idaho, Inc.

In Illinois:

1. Loans are made by Wells Fargo Financial Illinois, Inc. Consumer Installment Sales Act Licensee.
2. The following documents may be required by Wells Fargo Financial:
   • Income Documentation
   • Wage Earner
     • Current Pay-Stub w/in 30 days of Application w/ YTD
     • 2 years W2’s
   • Fixed Income
     • Award Letter OR Benefits Check OR 1099 OR Bank Statement
   • Self Employed/Business Owner
     • Signed federal income tax return for the most recent two years
     • Completed Form 4506-T, Request for Transcript of Tax Return
     • Business Profit & Loss Statements

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 Mississippi:

1. Loans are made by Wells Fargo Financial Mississippi, Inc.

In Missouri:

1. Loans are made by Wells Fargo Financial Missouri, Inc.

In Montana:

1. Loans are made by Wells Fargo Financial Montana, Inc.

In Nevada:

1. Loans are made by Wells Fargo Financial Nevada 2, Inc.

In New Hampshire:

1. We apply payments based upon the date the payment is received.
2. The interest calculation method on the loan you are applying for is daily simple interest. This loan does not provide a grace period for late payments. Unless every payment is received by the lender exactly on the payment due date you may incur additional interest costs. This means less of your monthly payment will be applied to the outstanding balance of the loan. This will prevent your loan from being paid in full at maturity. That means you may have a larger payment due at the end of the loan term. If available for this lender, automatic withdrawals form you bank account is one way to make sure this type of loan is paid in full on the scheduled maturity date.
3. Licensed by the New Hampshire Banking Department.

In New Jersey:

1. Loans are made by Wells Fargo Financial New Jersey, Inc. Licensed by the New Jersey Department of Banking and Insurance.

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.
6. Loans are made by Wells Fargo Financial Credit Services New York, Inc. Licensed Mortgage Banker - NYS Banking Department.

In North Carolina:

1. Loans are made under the Consumer Finance Act by Wells Fargo Financial North Carolina, Inc. Loans are also made by Wells Fargo Financial North Carolina 1, Inc, but not under the Consumer Finance Act.

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.
2. Loans are made by Wells Fargo Financial Ohio 1, Inc.

In Pennsylvania:

1. Loans are made by Wells Fargo Financial Pennsylvania, Inc.

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.
2. Loans are made by Wells Fargo Financial Rhode Island, Inc., Rhode Island Licensed Lender.

In Texas:

1. Loans are made by Wells Fargo Financial Texas, Inc.

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.
2. Loans are made by Wells Fargo Financial Virginia, Inc.

In Washington:

1. Loans are made by Wells Fargo Financial Washington, Inc.

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.