Disclosures

World of Financing Disclosures

General

World of Financing, LLC is a North America limited liability company with its corporate headquarters in Las Vegas, Nevada. Any reference in this Licenses and Disclosures to “we” or “us” or similar words shall refer to World of Financing, LLC unless otherwise indicated, all such entities referred to as “World of Financing”. Any reference in Licenses and Disclosures to “you” or “your” means the person(s) using the World of Financing Websites (as defined in the Terms of Use Agreement), and/or the good, facilities or services of World of Financing offered through alternative methods.

World of Financing is a computerized loan originator for mortgage loans performing computerized loan origination services for lenders and provides other services for non-mortgage loans. World of Financing is not a lender, auto lessor or credit card issuer. World of Financing does not take applications, make loans or credit decisions in connection with loans, nor does World of Financing issue commitments or lock-in agreements. Except as otherwise provided below for your state, World of Financing is not an agent of you, any participating bank, lender, mortgage broker or loan broker (we refer to all of these as “Lenders” or “Lender”) or any third-party provider (“Provider”). World of Financing’s services are only administrative. You should rely on your own judgment in deciding which available product and Lender or Provider best suits your needs and financial means. You are under no obligation to use World of Financing to commence the matching and request process and World of Financing does not guarantee that completing a request will result in you being matched with a Lender or Provider, receiving an offer from a Lender or Provider, or receiving a loan or service from a Lender or Provider.

Fees

 World of Financing does not charge you any fee for its services. World of Financing receives its compensation from the Lenders or Providers for the goods, facilities and services provided by World of Financing. World of Financing’s compensation varies by product and service. Computerized loan origination fees paid by the Lender may be included in your rate, points or term and will be shown on your settlement statement. Although some state licensing laws treat fees paid in exchange for computerized loan origination services as mortgage broker fees or origination fees, this is not the case under federal law. See the Terms of Use Agreement for details.

Credit

Any loan request you submit is NOT an application for credit. Rather, it is a request to be matched with Lenders to receive conditional loan offers from Lenders. You may have to complete an application with a Lender before they will extend an unconditional loan offer. A Lender you select may require you to pay an application or other fee to cover the costs of an appraisal, credit report or other items. The Lender will determine the amount of any such fee and should provide information to you regarding the refundability of any such fee.

Federal Disclosures

Any loan request will be forwarded to Lenders and these Lenders may make certain disclosures to you. These disclosures, which are required by the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and certain other federal and state laws, include details of your cost of credit; good faith estimates of your settlement costs; HUD mandated booklets “Guide to Settlement Costs” and/or “When your Home is on the Line”; notices concerning the possibility that your mortgage loan servicing may be transferred; and your right to a copy of any appraisal, if any, performed on your home. The 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 any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The agency that administers compliance with this law varies by Lender depending on its lending authority, may include the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

PURSUANT TO World of Financing’s TERMS OF USE AGREEMENT AND THE CONSENT FOR ELECTRONIC DISCLOSURES, THE DISCLOSURES AND CONSENTS REQUIRED UNDER CERTAIN FEDERAL AND/OR STATE LAWS ARE DEEMED TO BE PROVIDED, RECEIVED AND AGREED TO BY YOUR USE OF THE WEBSITES (AS DEFINED IN THE TERMS OF USE AGREEMENT).

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