This notice must be provided on a separate document, be in at least fourteen-point type, and use the below or substantially similar language. Tex. Fin. Code § 343.105.
Notice of Penalties for Making False or Misleading Written Statement (Pursuant to Section 343.105, Texas Finance Code)
Warning: Intentionally or knowingly making a materially false or misleading written statement to obtain property or credit, including a mortgage loan, is a violation of Section 32.32, Texas Penal Code, and, depending on the amount of the loan or value of the property, is punishable by imprisonment for a term of 2 years to 99 years and a fine not to exceed $10,000.
[I/We], the undersigned home loan applicant(s), represent that [I/we] have received, read, and understand this notice of penalties for making a materially false or misleading written statement to obtain a home loan.
[I/We] represent that all statements and representations contained in [my/our] written home loan application, including statements or representations regarding [my/our] identity, employment, annual income, and intent to occupy the residential real property secured by the home loan, are true and correct as of the date of loan closing.
[Name of borrower/loan applicant]
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Repeat signature lines as necessary. |