A new document entitled “CT Mortgage Rate Lock-In Confirmation”, cx15855, has been created and will print by default in all Connecticut initial disclosure packages wherein an interest-rate lock is set for first lien mortgage loans. This document will fulfill the requirements of Conn. Gen. Stat. Ann. §36a-706(a), which stipulate that a mortgage rate lock-in must be provided if a lender commits to making a loan at a specified rate.
This document will begin printing on July 20, 2011. If you have any questions or concerns, please contact Client Support at 1-800-497-3584, option 3.
July 18, 2011