This agreement is made and entered into on
by and between ACSI with its principal place of business
located at 2572 Erie Blvd. East Syracuse, New York 13224 hereinafter referred to as "Broker," and the below signed
applicant(s) hereinafter referred to as "Borrower."
SERVICES TO BE PERFORMED:
Broker agrees to perform all Chattel Loan(Personal Property) broker services normally and customarily performed in
connection with the origination of loans but not limited to the services described below. Broker and Borrower both agree
that under this Agreement, Broker is providing loan brokering services on behalf of Borrower as Borrower's agent.
(a) taking information from the borrower and filling out the application;
(b) analyzing the prospective borrower's income and debt and prequalifying the prospective borrower to determine the
maximum mortgage that the prospective borrower can afford;
(c) educating the prospective borrower in the home buying and financing process, advising the borrower about the
different types of mortgage loan products, and demonstrating how closing costs and monthly payments would vary under
(d) collecting financial information (tax returns, bank statements) and other related documents that are part of the
(e) initiating/ordering Verification Of Employment and Verification Of Down Payments;
(f)initiating/ordering requests for chattel loan verifications;
(g) initiating/ordering appraisals;
(h) initiating/ordering inspections or engineering reports;
(i) providing disclosures (truth in lending, good faith estimate, others) to the borrower;
(j) assisting the borrower in understanding and clearing credit problems;
(k) maintaining regular contact with the borrower, realtors and lender, between application and closing to apprise them
of the status of the application and to gather any additional information as needed;
(l) ordering legal documents;
(m) determining whether the property was located in a flood zone or ordering such service; and
(n) participating in the chattel loan closing.
OTHER SERVICES, DUTIES OR OBLIGATIONS
CHATTEL LOAN ORIGINATION AGREEMENT
Approved Credit Services, Inc.
NMLS # 9604
2572 Erie Blvd. East
Syracuse, New York 13224
Phone (315)446-4007 Fax (315)446-5767
Approved Credit Services, Inc. (ACSI) is a New York corporation incorporated June 15, 1994, and began operations as a
loan broker on June 15, 1994. ACSI is a privately owned company and is doing business under no other names.