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Initial disclosures are the preliminary disclosures that must be acknowledged and signed in order to move forward with your loan application. These disclosures outline the initial terms of the mortgage application and also include federal and state required mortgage disclosures.
All parties in a lawsuit have the opportunity to find out about the strengths and weaknesses of the other parties' case. Disclosure is information that must be given to other parties without being asked for it. Discovery is information that must be given to other parties, but only if they are asked for it.
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