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Hi Jim,
I had the same issue so I went to our legal dept and here is what they said:
"The words “Important Notice” must be 2 points larger than the words that follow in the disclosure. But the whole disclosure must be no smaller than the smallest print in the ad or marketing piece."
I was able to use an 8pt font for the main part of the disclosure and then made "Important Notice" in a 10 pt font.
Hope that helps.
Lydia
BTW the verbiage that is required by law is:
Important Notice: _________________ Realtors is not associated with the government or your lender. Even if you accept this offer and use our services, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit. Even if you accept this offer and use our service, your lender may not agree to change you loan.
Good News My Friends!
As I was reading Trent Chapman's blog yesterday...but here it goes, readit for your self:
"Great news for Agents who do short sales!!
Were you as annoyed as I was by the FTCs MARS ruling when it came into affect in early 2011?
I can't stand the confusing wording of the MARS disclosure that my State's Association came up with as so many of my clients thought that it meant that even if we didn't close on the short sale, I was going to come after them for my commission!
In the video I share how this will change what you are or aren't required to do with short sales:
Watch the video on my blog by clicking the video below, or click here to watch it directly on YouTube."
Have a great weekend,
Susan
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