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Licenses and Disclosures
RateZip does not originate, make, or fund mortgage loans. RateZip does not collect mortgage loan applications or pre-qualify or pre-approve borrowers. Lenders and brokers use RateZip as a platform to advertise their products and services. RateZip is an independent publisher of bank information and does not guarantee the rates, points, or loan programs offered by lenders and brokers. Information provided on Ratezip’s website is subject to change without notice.
Alabama - Alabama Mortgage Brokers License No. 22984
Alaska - Mortgage Broker/Lender License, License #AK1592292; DBA RateZip, Mortgage Broker/Lender License - Other Trade Name #1, License #AK436456-1
Arizona - Mortgage Broker License, License #0944477
Arkansas - Mortgage Broker License, License #114291
California – Licensed by the Department of Business Oversight, Finance Lenders Law License, License #60DBO83007
Peklava LLC, DBA RateZip, is licensed under the Finance Lenders Law, License number 60DBO83007, at 45 Grove St, Studio G1, New Canaan, CT 08640.
RateZip does not make mortgage loans or commitments.
If a lender that has received your request makes you an offer, they are required to send you an integrated disclosure and initial Loan Estimate containing all the required TILA and RESPA disclosures within three business days.
If the lender denies your request for credit and that action is based, in whole or in part, on any information contained in a consumer credit report, you have the right to obtain, within sixty days, a free copy of your consumer credit report from the credit reporting agency which compiles and maintains files on consumers on a nationwide basis.
You also have the right to dispute the accuracy or completeness of any information in a consumer credit report furnished by the consumer credit reporting agency by contacting that agency directly. An applicant, if married, may apply for a separate account.
The Housing Financial Discrimination Act of 1977 Fair Lending Notice. It is illegal to discriminate in the provisions of or in the availability of financial assistance because of the consideration of:
1)Trends, characteristics or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice; or
2)Race, color, religion, sex, marital status, national origin or ancestry.
It is illegal to consider the racial, ethnic, religious or national origin composition of a neighborhood or geographic area surrounding a housing accommodation or whether or not such composition is undergoing change, or is expected to undergo change, in appraising a housing accommodation or in determining whether or not, or under what terms and conditions, to provide financial assistance.
These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation or refinancing of one-to-four unit family residence occupied by the owner and for the purpose of the home improvement of any one-to-four unit family residence.
If you have any questions about your rights, or if you wish to file a complaint, contact the management of this institution or
Department of Business Oversight:
320 West 4th Street, Suite 750
Los Angeles, CA 90013-2344
Phone: (213) 576-7500
One Sansome Stree, Suite 600
San Francisco, CA 94104-4428
Phone: (415) 972-8565
1515 K Street, Suite 200
Sacramento, CA 95814-4052
Phone: (916) 445-7205
1350 Front St., #2034
San Diego, CA 92101-3697
Phone: (619) 525-4233
Toll-Free Phone (all locations): (866) 275-2677
Bureau of Real Estate
1651 Exposition Boulevard
Sacramento, CA 95815
RateZip receives a fee from lenders as compensation for passing along your mortgage inquiry. By submitting an inquiry through RateZip’s site, you acknowledge that a fee will be paid to RateZip by the lender.
Connecticut - Lead Generator License, License #LG-1592292
RateZip is a LEAD GENERATOR ONLY, NOT A MORTGAGE BROKER, LENDER, OR CORRESPONDENT LENDER.
District of Columbia - Mortgage Broker License, License #MLB1592292
If you do business with one of our participating lenders, the lender will issue a financing agreement in accordance with D.C. Code Ann. § 26-1113. The financing agreement will include the following: (1) the terms and principal amount of the loan, (2) an explanation of the type of mortgage loan being offered, (3) the loan’s rate of interest and, if the rate is subject to change, or is a variable rate, or is subject to final determination at a future date based on some objective standard, a specific statement of those facts, (4) the points and fees, if any, to be paid by either the borrower or seller, and (5) the term during which the financing agreement remains in effect. The lender must execute the financing agreement and the financing agreement must be delivered to the borrower a minimum of 72 hours before the time of settlement.
Florida - Mortgage Broker License, License #MBR2694
RateZip is not a Mortgage Loan Originator and does not make mortgage loans or commitments. RateZip can also not guarantee acceptance into programs offered by participating lenders.
If you apply for a mortgage loan with one of our participating lenders, the lender will provide a Good Faith Estimate containing fees required for your loan, including appraisal fees, credit report fees, and other third-party fees. This document will also contain information on whether or not any fees are refundable.
YOU ARE NOT REQUIRED TO PURCHASE ADDITIONAL PRODUCTS OR SERVICES FROM RATEZIP OR FROM ANY PERSON OR ENTITY SUGGESTED OR RECOMMENDED BY RATEZIP. HOWEVER, RATEZIP RESERVES THE RIGHT TO APPROVE THE ENTITY SELECTED BY YOU, WHICH APPROVAL MAY NOT BE UNREASONABLY WITHHELD.
Georgia - Mortgage Broker/Processor License/Registration, License #60921
Kansas - Kansas Mortgage Company License No. MC.0025542
RateZip is a lead generation company licensed with the Kansas Office of the State Bank Commissioner in accordance with the laws of the state of Kansas. This license does not represent an endorsement or recommendation of the licensee's products or services by the Office of the State Bank Commissioner. As a consumer, you may submit a complaint or inquiry about this mortgage business by delivering a written statement to the Office of the State Bank Commissioner, 700 Jackson, Suite 300, Topeka, Kansas 66603.
Louisiana - Residential Mortgage Lending License
Loan brokerage contracts have not been reviewed, approved or disapproved by the state of Louisiana. The information contained in this disclosure has not been verified by the state. Speak with an attorney before signing a loan contract if you have any questions or concerns.
Maryland - Maryland Mortgage Lender License
Peklava LLC does not accept or solicit any fees or payments from consumers. If you submit a loan inquiry to Peklava LLC and your loan inquiry is forwarded to our participating lenders, you may be issued a Financing Agreement by Lenders as per the Maryland Commercial Law Code §§ 12-125, 1013. This Financing Agreement must have the following: (1) the term and principal amount of your loan; (2) an explanation of the type of mortgage loan being offered; (3) the rate of interest, whether the rate of interest is a variable rate or subject to change, and if the rate is subject to final determination at a future date based on some objective standard, a specific statement of those facts; (4) the points, if any, to be paid by the borrower or the seller; and (5) the effective term for the Financing Agreement.
Massachusetts – Peklava LLC, d.b.a. RateZip, Mortgage Broker License # MB1592292.
Peklava LLC does not make loans. Peklava LLC is paid directly by the Lender for its services. Peklava LLC does not charge fees to nor accept payment from consumers. You may stop using services offered by Peklava LLC at any time with no cost or penalty to you. Peklava LLC cannot guarantee acceptance into any particular loan program or promise any specific loan terms or conditions. You are not obligated to work with any Lenders directed to you from Peklava LLC. Costs, fees, and rates can vary among mortgage lenders. Closing and settlement costs should be compared and considered in the total cost of a mortgage.
If you are contacted by a participating Lender, be aware that under Massachusetts General Law ch. 184, § 17B:
1) the responsibility of the attorney for a Lender is to protect the interests of the Lender;
2) you have the right, at your own expense, to engage your own attorney to represent your interests in the transaction;
3) if a Lender receives a loan application from you, it is obligated to provide the rate of interest charged and the approximate expiration date of the Note;
4) as of the expiration date of said Note, the Lender may demand payment of the Note, may rewrite the Note by agreement at a greater or lesser rate of interest, or may, by agreement, allow payments to be made on said Note at the same, or a lesser or greater rate of interest.
The federal Equal Opportunity Act and comparable provisions of Massachusetts law prohibit creditors from discriminating against credit applicants on the basis of race, color, religion, creed, national origin, sex, sexual orientation, ancestry, handicap, marital status, age (provided that the applicant has the capacity to enter into a binding contract), or because all or part of the applicant’s income derives from any public assistance program. The federal Equal Credit Opportunity Act also prohibits creditors from discriminating against credit applicants because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The state agency that administers compliance with the state law is the:
Massachusetts Commission Against Discrimination
One Ashburton Place
Boston, Massachusetts 02108
Lenders are also obligated to provide you with the following:
1) a single-page worksheet which allows the borrower to easily calculate the fees and charges that are likely to be incurred if a mortgage is obtained from that Lender;
2) publication from the United States Secretary of Housing and Urban Development outlining the costs and nature of real estate settlement services;
3) in the event of a first mortgage lender which offers a variable rate residential mortgage loan and is not otherwise subject to Administrative Bulletin 13-2C (Revised), and a potential borrower has applied for a variable rate mortgage loan or requested information pertaining to one, publication from the Federal Home Loan Bank Board detailing adjustable rate mortgages.
4) required federal and state disclosures, including descriptions of the time periods usually required for mortgage application processing, disclosures and notices required by Massachusetts law, and by the federal Equal Credit Opportunity Act.
Minnesota - Residential Mortgage Originator License, License #MN-MO-1592292; DBA RateZip, Residential Mortgage Originator License Other Trade Name #1, License #MN-MO-1592292.1
RATEZIP IS NOT ACTING AS YOUR AGENT IN CONNECTION WITH OBTAINING A RESIDENTIAL MORTGAGE LOAN. WHILE WE SEEK TO ASSIST YOU IN MEETING YOUR FINANCIAL NEEDS, WE CANNOT GUARANTEE THE LOWEST OR BEST TERMS AVAILABLE IN THE MARKET.
This is not an offer to enter an interest rate lock-in agreement under Minnesota law.
Mississippi - Mortgage Broker License, License #1592292
Montana - Mortgage Broker License, License #1592292
Nebraska - Mortgage Banker License
New Hampshire – Licensed by the New Hampshire Banking Department. Mortgage Broker License No. 23203-MBR. (Also doing business as RateZip.)
New York – Peklava LLC (d.b.a. RateZip) is a Registered Mortgage Broker by the New York State Department of Financial Services. License No. RMB 208791. Peklava LLC is a Broker; mortgage loans are arranged with third-party providers. Peklava LLC’s offices are at 45 Grove St, Studio G1, New Canaan, CT 08640. You may address questions, concerns or comments by electronic mail to email@example.com.
Peklava LLC is not a lender and does not make mortgage loans or commitments. Peklava LLC does not accept mortgage applications, make credit decisions, lock in rates, nor fund or service loans. Peklava LLC cannot guarantee acceptance into any particular loan program or promise any specific loan terms or conditions. Peklava LLC is paid directly by the Lender for its services. Peklava LLC does not charge fees to nor accept payment from consumers. You may stop using services offered by Peklava LLC at any time with no cost or penalty to you.
The Lender may require additional information to complete your loan application. You are not obligated to work with any Lenders directed to you from Peklava LLC. Rates, terms, and fees, including the amount and terms of a prepayment penalty (if any), are determined by the Lender, not Peklava LLC. Any rates and terms will be disclosed to you, the borrower, by the Lender. If the loan product selected by you, the borrower, has a prepayment penalty, the terms of the prepayment penalty will be disclosed by the Lender no later than the issuance of commitment.
North Carolina - North Carolina Mortgage Broker License No. B-203290 (d.b.a. RateZip)
Peklava LLC dba RateZip does not originate mortgage loans, nor offer commitments. We cannot guarantee acceptance by any Lender or loan program. Loan terms and conditions listed on RateZip are not guaranteed. Fees associated with an appraisal, credit report, or other items may be requested by the Lender. This amount is determined by the Lender. The Lender must provide documentation about the refundability of any fees paid. RateZip cannot provide this information.
North Dakota - Money Broker License, License #MB103262
NOTICE: MONEY BROKERS ARE LICENSED AND REGULATED BY THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS, 2000 SCHAFER STREET, SUITE G, BISMARCK, NORTH DAKOTA 58501-1204.THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS HAS NOT PASSED ON THE MERITS OF THE CONTRACT AND LICENSING DOES NOT CONSTITUTE AN APPROVAL OF THE TERMS OR OF THE BROKER’S ABILITY TO ARRANGE ANY LOAN. COMPLAINTS REGARDING THE SERVICES OF MONEY BROKERS SHOULD BE DIRECTED TO THE DEPARTMENT OF BANKING AND FINANCIAL INSTITUTIONS.
If your loan request is forwarded to one or more participating Lenders, you will receive from the Lenders detailed information about your loan, including the loan amount, interest rate, points, fees and other terms.
Oregon - Mortgage Lending License, License #ML-5671
Pennsylvania - Mortgage Broker License, License #65811
Office: 45 Grove St, Studio G1, New Canaan, CT 08640
If you decide to work with one of our participating lenders, the lender may require an application fee to pay for the costs of an appraisal, credit report or other items. The fee you may be required to pay is determined by the lender. The loan documents will state whether or not fees paid are refundable.
Variable Interest Rate Disclosure
The Loan Interest and Protection Law of Pennsylvania, which applies to loans of $50,000 or less, requires lenders offering a mortgage with a variable interest rate to offer a mortgage with a rate that will not change as well. The fixed interest rate mortgage must have terms and a rate that are reasonably competitive. On variable interest loans, the lender will explain to you how the interest rate can change in the future, the effect of changes in the index on the rate and term, and an explanation of the index.
Rhode Island - Loan Broker License, License #20183605LB
South Carolina - Peklava LLC dba RateZip is licensed as a Mortgage Broker by the South Carolina Department of Consumer Affairs. NMLS ID 1592292.
Tennessee - Tennessee Mortgage License No. 163737
Texas – Licensed by the Department of Savings and Mortgage Lending - Mortgage Company License
RESIDENTIAL MORTGAGE LOAN ORIGINATOR DISCLOSURE
Residential Mortgage Loan Originator: Paul Everett Knag Jr.
License Number: 1624142
Address: 2616 Red Bluff Court, Plano, TX 75093
The information in this disclosure is provided to clarify the nature of our relationship, my duties to you, and how I am to be compensated as a Residential Mortgage Loan Originator. This disclosure is a requirement of the Texas Mortgage Broker License Act. Since I am working for Peklava LLC, references to "we" or "us" refer to me and Peklava LLC.
Duties and Nature of Relationship
We will be acting as follows: We will submit your loan request to a participating Lender which we may from time to time contract upon such terms as you may request or a Lender may require. In connection with this mortgage loan, we are acting as an independent contractor and not as your agent. We will enter into separate independent contractor agreements with various Lenders. While we will seek to assist you in meeting your financial needs, we do not distribute the products of all lenders or investors in the market and cannot guarantee the lowest or best terms available in the market.
How Peklava LLC will be compensated
Peklava LLC does not charge a fee to interested borrowers. Peklava LLC is compensated by the lender for services provided by Peklava LLC. Fees are paid by the lender.
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST PEKLAVA LLC OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE, SIGN, AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV.
Washington - Washington Mortgage Broker License No. MB-1592292 (DBA RateZip)
You are not required to use Peklava LLC's computerized loan request services to obtain a residential mortgage loan. Peklava LLC’s computerized loan request system may not list the full selection of loans available as offered by Lenders. Different terms and rates may be available from others not listed on the system.
If your loan request is forwarded to one or more participating Lenders you may receive from the Lenders an initial disclosure statement required under the TILA and a good faith estimate of settlement costs under RESPA.
An interest rate quoted in connection with the loan you select is subject to change without notice unless and until an interest rate lock-in agreement has been made between you and the lender. Peklava LLC does not offer lock-in agreements and does not guarantee any rate of interest quoted by participating Lenders. If you enter a lock-in agreement with the a participating Lender and are required to pay a lock-in fee, the terms and conditions under which the lock-in fee may be refunded, if any, will be set by the Lender. The Lender has an obligation to send written confirmation to you of the terms of the lock-in agreement in three (3) business days, including Saturdays, through first class mail.
Peklava LLC will not collect any fees from you in connection with your completion of a loan request. All fees will be collected from and payable by the Lender. If the Lender is licensed under the Mortgage Broker Practices Act, the fees paid by you for third-party provider services (such as an appraisal or credit report), may be held in a trust account and any moneys remaining after the payment to third-party providers will be refunded to you.
If you are unable to obtain a loan for any reason, the Lender, if licensed under the Mortgage Broker Practices Act, will, within five (5) days of a written request by you, give copies to you of any appraisal, title report, or credit report paid for by you, and transmit the original appraisal, title report, or credit report to any other mortgage broker or lender to whom you direct. Transmission of these reports includes the right to use these reports. You are also entitled to receive a copy of any appraisal paid for by you, pursuant to the federal Equal Credit Opportunity Act.
Washington state law against discrimination prohibits discrimination in credit transactions because of race, creed, color, national origin, sex or marital status. The Washington State Human Rights Commission administers compliance with this law.
Wyoming - Mortgage Broker License, License #3181