A mortgage broker who creates a contract to receive a mortgage broker fee upon receipt of a commitment must disclose what information in the mortgage broker agreement, in at least 12-point boldface type immediately above the signature line(s) for the borrower?
You are entering into a contract with a mortgage broker to obtain a bona fide mortgage loan commitment under the same terms and conditions as stated hereinabove or in a separate executed good faith estimate form. If the mortgage broker obtains a bona fide commitment under the same terms and conditions, you will be obligated to pay the mortgage broker fees, including, but not limited to, a mortgage broker fee, even if you choose not to complete the loan transaction. If the provisions of s.494.00421, Florida Statutes, are not met, the mortgage broker fee can only be earned upon the funding of the mortgage loan. The borrower may contact the Department of Financial Services, Tallahassee,Florida, regarding any complaints that the borrower may have against the mortgage broker or the mortgage brokerage business. The telephone number of the department is: