Texas SML Consumer Notice

Texas Mortgage Banker Disclosure

Pursuant to the requirements of Section 157.007 of the Mortgage Banker Registration and Residential Mortgage Loan Origination Act, Chapter 157, Texas Finance Code, you are hereby notified of the following:

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST Colonial Mortgage Group SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.Texas.gov. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV.

THIS DISCLOSURE WAS DELIVERED TO THE CONSUMER VIA OUR WEBSITE.

Shannon Smith-Wood
Colonial Mortgage Group

3261 Old Washington Rd, Suite 1011, Waldorf, Maryland 20602
Phone: 410-798-6611 | Fax: 410-798-6618
Company NMLS: 70452 & Individual NMLS: 3964
www.nmlsconsumeraccess.org

Residential Mortgages provided by Colonial Mortgage Group
Licensed: MD LO 5908 & MD 17542;  DC MLO3964 DC MLB70452; FL MBR1384
Licensed by the Virginia State Corporation Commission License #MC5185 & MLO-18339VA. Licensed by the PA Department of Banking License # MB35217 & PA LO 47550

By refinancing your existing loan, the total finance charges may be higher over the life of the new loan.