Maryland Form Ntbw PDF Details

Do you own a business in Maryland? If so, then you're probably aware of Form Ntbw. This form is one of the required documents for certain businesses operating in this state. It serves as proof that your company is registered and compliant with all applicable laws and regulations, thus protecting it from legal repercussions. In this blog post, we'll be discussing what exactly the Maryland Form Ntbw entails and how to properly fill it out to ensure compliance with all necessary requirements. So whether you're an experienced entrepreneur or running a startup for the first time, make sure to read on for some valuable insights!

QuestionAnswer
Form NameMaryland Form Ntbw
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other nameslicensees, benefit, Calvert, Originator

Form Preview Example

S T A T E O F M A R Y L A N D

COMMISSIONER OF FINANCIAL REGULATION

500 North Calvert Street, Suite 402

Baltimore, Maryland 21202

Net Tangible Benefit Worksheet

This Net Tangible Benefit Worksheet has been prescribed by the Commissioner of Financial Regulation in conformity with COMAR 09.03.06.20 and COMAR 09.03.09.04 (Duty of Care). Persons complying with these regulations shall use a form substantially similar to this form.

All information must be typed or printed.

This form shall be maintained in the broker/lender

licensee’s loan files pursuant to COMAR 09.03.06.04 “Records”.

Name of Borrower(s):

_______________________________________________

 

_______________________________________________

 

 

 

Mortgage

 

 

Originator

 

 

Name:

 

 

Employer:

 

 

MD License #:

 

 

Business

 

 

Address:

 

 

City:

State:

Zip code:

Direct Tel #:

 

Toll Free #:

Fax:

 

Email:

 

 

 

Lender Name:

 

 

MD License #:

 

 

Business

 

 

Address:

 

 

City:

State:

Zip code:

Direct Tel #:

 

Toll Free #:

Fax:

 

Email:

 

 

 

Broker Name:

 

 

MD License #:

 

 

Business

 

 

Address:

 

 

City:

State:

Zip code:

Direct Tel #:

 

Toll Free #:

Fax:

 

Email:

I/We, the undersigned borrower(s), plan to enter into a transaction which refinances one or more existing mortgage loans with a new mortgage loan secured by my/our home located at:

Address:

 

 

City:

State:

Zip code:

NTBW

Page 1

Rev. 11/12/08

I/We acknowledge that:

I/We understand the costs associated with the new loan;

The new loan may have different terms (including duration of term and rate of interest) than my/our existing loan(s); and

The new loan will provide a reasonable, tangible net benefit to me/us after taking into account the terms of both the new and existing loan(s), the cost of the new loan, and my/our particular circumstances.

By refinancing my/our existing loan(s), the following benefits apply to me/us (each borrower should initial any benefit that applies):

______

______ Obtaining a lower interest rate.

______

______ Obtaining a lower monthly payment, including principal, interest, taxes, and insurance.

______

______ Obtaining a shorter amortization schedule.

______

______ Changing from an adjustable rate to a fixed rate.

______

______ Eliminating a negative amortization feature.

______

______ Eliminating a balloon payment feature.

______

______ Receiving cash-out from the new loan in an amount greater than all closing costs incurred in

 

connection with the loan.

______

______ Avoiding foreclosure.

______

______ Eliminating private mortgage insurance.

______

______ Consolidating other existing loans into a new mortgage loan.

______

______ Other (please specify): ________________________________________________________

 

__________________________________________________________________________

I/We have considered the terms of both the existing and new loans, the cost of the new loan, and my/our personal circumstances. I/We believe the overall benefits of the new loan make the new loan beneficial to me/us for the reason or reasons identified above. By signing below, I/we certify that I/we have read and understand this Net Tangible Benefits Worksheet.

Borrower: ____________________________________________

Date: _____________________

Borrower: ____________________________________________

Date: _____________________

 

NTBW

 

Page 2

 

Rev. 11/12/08