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Peoples Home Equity Mortgage Lending

Licensing

Licensing

Peoples Home Equity, Inc. (NMLS #63371)
Disclosures and License Information

Peoples Home Equity is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.

Peoples Home Equity, Inc. State Disclosure Requirements:

Alabama

Alabama Consumer Credit License No. 20881

Arizona

Arizona Mortgage Lender License No. BK – 0909049

Arizona

Arizona Mortgage Banker License No. 0925508
Trade Name Redstone Mortgage

California

License No. 413 0946

Licensed under the California Department of Corporations under the California Residential Mortgage Lending Act (CRMLA)

If an applicant is married, each spouse may apply for a separate credit account.

FINANCIAL DISCRIMINATION ACT OF 1977 FAIR LENDING NOTICE

It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of:

  • Trends, characteristics or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice; or
  • Race, color, religion, sex, marital status, national origin or ancestry.
  • It is illegal to consider the racial, ethnic, religious or national origin composition of a neighborhood or geographic area surrounding a housing accommodation or whether or not such composition is undergoing change, or is expected to undergo change, in appraising a housing accommodation or in determining whether or not, or under what terms and conditions, to provide financial assistance.
  • These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation or refinancing of one- to four-unit family residences occupied by the owner and for the purpose of the home improvement of any one- to four-unit family residence.
  • If you have questions about your rights, or if you wish to file a complaint, contact the management of this financial institution or the california department of financial institutions at:
111 Pine Street, Suite 1100
San Francisco, CA 94111-5613
Tel: (415) 263-8500
Fax: (415) 989-5310
300 S. Spring Street, Suite 15513
Los Angeles, CA 90013-1204
Tel: (213) 897-2085
Fax: (213) 897-8860
1810 13th Street
Sacramento, CA 95811
Tel: (916) 322-5966
Fax: (916) 445-2123
7575 Metropolitan Drive, Suite 108
San Diego, CA 92108
Tel: (619) 682-7227
Fax: (619) 682-7217

Colorado

Regulated by the Division of Real Estate under Colorado
Colorado Mortgage Company Registration

To check the status of your mortgage loan originator’s license, visit Colorado Division of Real Estate’s website at http://www.dora.state.co.us/real-estate/index.htm.

Delaware

DE Licensed Mortgage Lender. License No. 020482

District of Columbia

Government of the District of Columbia Mortgage Lender License No. MLB63371

If your loan request is forwarded to our participating Lenders, you may be issued a financing agreement by the Lenders in accordance with D.C. Code Ann. § 26-1113. If provided, the financing agreement will provide: (A) the term and principal amount of the loan; (B) an explanation of the type of mortgage loan being offered; (C) the interest rate and, if the rate is subject to change, or is a variable rate, or is subject to final determination at a future date based on some objective standard, a specific statement of those facts; (D) the points and fees, if any, to be paid by you; and (E) the term during which the financing agreement remains in effect. This financing agreement must be executed by the Lender and must be delivered at least 72 hours before settlement.

Florida

License No. MLD12384

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.

Georgia

Georgia Mortgage Lender License No. 23364

Indiana

Indiana Mortgage Lender License No. 11155

Illinois

Illinois Residential Mortgage Licensee #: MB.6760717

Kansas

Kansas Mortgage Broker License No. MC.0025276

Kentucky

Kentucky Mortgage Loan Lender License No. MC24175

Louisiana

The state of Louisiana has not reviewed and does not approve or disapprove any loan brokerage contract. The information contained in this disclosure has not been verified by the state. If you have any questions, see an attorney before you sign a loan contract.

Maryland

Mortgage Lender License # 18435

Peoples Home Equity, Inc. cannot guarantee the acceptance of you application into any particular loan program.

Michigan

Mortgage Lender License # FR0020037

Peoples Home Equity, Inc. cannot guarantee the acceptance of you application into any particular loan program.

Minnesota

Minnesota Residential Mortgage Originator License No. 20433267

In some cases peoples home equity, inc. Is not acting as your agent in connection with obtaining a residential mortgage loan. While peoples home equity, inc. Will seek to assist you in meeting your financial needs, we cannot guarantee the lowest or best terms available in the market.

The information on this Website may not be considered by any person to be an offer to enter an interest rate lock-in agreement under Minnesota law.

Mississippi

Mississippi Licensed Mortgage Company Lender License No. ML/63371
As required by Mississippi law, Peoples Home Equity, Inc. has secured a bond issued by Mortgage Insurance Agency, a surety company authorized to do business in this state. A certified copy of this bond is filed with the Mississippi Commissioner of Banking and Consumer Finance.

As a borrower you are protected under the Mississippi Mortgage Consumer Protection Act. Complaints against a licensee may be made by contacting the:

Mississippi Department of Banking and Consumer Finance
PO Box 23729
Jackson, MS 39225-3729

Missouri

Missouri Mortgage Broker License No. 16-2295

Nevada

Mortgage Broker License No. 4106

New Jersey

Licensed Residential Mortgage Lender — NJ Banking and Insurance Department

North Carolina

North Carolina Mortgage Lender License No. L-139248

Oregon

License No. ML-5360

Pennsylvania

Licensed by the Pennsylvania Department of Banking. Pennsylvania Mortgage Lender License No. 39092

South Carolina

South Carolina-BFI Mortgage Lender/Servicer License No. MLS-63371South Carolina-DCA Mortgage Broker License No. MB-0800901

South Dakota

South Dakota Mortgage Lender License No. ML.04980

Tennessee

Tennessee Mortgage Lender/Broker License #109093

Texas

Mortgage Banker Registration # 63371

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR 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 THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

Utah

Licensed to do business in the state of Utah.

Virginia

Licensed under the Virginia State Corporation Commission. License No. MC-3511. NMLS # 63371(www.nmlsconsumeraccess.org)

Wisconsin

Wisconsin Mortgage Banker License No. 63371/Broker License #63371BR

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.

EQUAL CREDIT OPPORTUNITY ACT
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from a public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal Agency that administers compliance with this law concerning this company is the Office of the Comptroller of the Currency, Customer Assistance Group, 1301 McKinney Street, Suite 3710, Huston Texas 77010.

 

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