Fillable Online Colorado Tangible Net Benefit Disclosure ... 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the date at the top of the form. This is essential for record-keeping.
  3. Fill in the Borrower Name and Co-Borrower Name fields accurately to ensure proper identification.
  4. Input the Property Address where the loan will be applied. This helps in associating the loan with a specific property.
  5. Complete the Mortgage Loan Originator section by providing their CO License # and NMLS ID, which are necessary for compliance.
  6. In the Purchase Transaction section, check all applicable boxes that indicate how the new loan will benefit you.
  7. For Refinance Transactions, check all relevant benefits that apply to your situation, such as lower interest rates or monthly payments.
  8. Use the space provided under 'OTHER' to describe any additional tangible net benefits not covered in previous sections.
  9. Disclose your income in the designated area, ensuring it reflects your ability to repay the loan after other expenses.
  10. Finally, review all entries for accuracy before signing. Both borrower and co-borrower must sign and date where indicated.

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Moving from an ARM to a fixed-rate mortgage The first instance where refinancing would have a tangible net benefit would be switching from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage.
Tangible Net Benefit forms have been created for the states of Alaska, Illinois, Minnesota, Ohio, Virginia, and Washington.
Tangible Net Benefits ensure refinancing offers real, measurable financial advantages to borrowers. These benefits can include lower monthly payments, shorter loan terms, or avoiding interest rate hikes. Lenders must document these benefits per federal and state laws.
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The Colorado Dual Status Disclosure form must be completed, disclosed, and provided to the borrower within three (3) Business Days after receipt of a loan Application.
Dual status is a material fact to real estate transactions and shall be disclosed to the borrower(s). B. The Board has created the Colorado Dual Status Disclosure form to ensure this information is clearly and concisely disclosed.
The Tangible Net Benefit Disclosure was designed to ensure that borrowers understand the financial advantages of entering into a loan agreement and requires mortgage loan originators (MLOs) to evaluate whether the loan being proposed provides a reasonable, tangible net benefit to the borrower, considering all

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