Legal Notices

MonsterLoans is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.

MonsterLoans is a licensed mortgage lender. The following states require disclosure of licensing information. (if your state is not listed, it may not require a specific license disclosure).

NMLS AND State Licensing Information:

MonsterLoans, a dba of Chou Team Realty, Inc. – NMLS Unique Identifier #1049484

http://nmlsconsumeraccess.org

COMPLAINTS REGARDING MORTGAGE BANKERS SHOULD BE SENT TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. 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.

MonsterLoans, a dba of Chou Team Realty, Inc. – NMLS Unique Identifier #1049484

Approved to originate in the following states:

  • Arizona – MonsterLoans, a dba of Chou Team Realty, Inc. – Mortgage Broker License #0929558
  • California – MonsterLoans, a dba of Chou Team Realty, Inc. – Licensed by the California Bureau of Real Estate (BRE)- #01524290 – Finance Lenders Law License #603L574
  • Colorado – MonsterLoans, a dba of Chou Team Realty, Inc. – Licensed by the Colorado Mortgage Company
  • Florida – MonsterLoans, a dba of Chou Team Realty, Inc. – Residential Mortgage License #MLD1206
  • Georgia – MonsterLoans, a dba of Chou Team Realty, Inc. – Mortgage Lender License #44567
  • Illinois – MonsterLoans, a dba of Chou Team Realty, Inc. – Illinois Residential Mortgage License #MB.6761234
  • Maryland – MonsterLoans, a dba of Chou Team Realty, Inc. – Mortgage Lender License #21543
  • New Jersey - MonsterLoans, a dba of Chou Team Realty, Inc. – New Jersey Residential Mortgage Lender License
  • North Carolina – MonsterLoans, a dba of Chou Team Realty, Inc. – Mortgage Lender License #L-172807
  • Oregon – MonsterLoans, a dba of Chou Team Realty, Inc. – Mortgage Lender License #ML-5336
  • Pennsylvania – MonsterLoans, a dba of Chou Team Realty, Inc. – Pennsylvania Mortgage Lender License #59911
  • South Carolina – MonsterLoans, a dba of Chou Team Realty, Inc. – South Carolina-BFI Mortgage Lender/Servicer License  MLS-1049484 & #MLS-1049484 OTN#1
  • Tennessee – MonsterLoans, a dba of Chou Team Realty, Inc. – Tennessee Mortgage License #131517
  • Texas – MonsterLoans, a dba of Chou Team Realty, Inc. – SML Mortgage Baker Registration, NMLS #1049484
  • Virginia – MonsterLoans, a dba of Chou Team Realty, Inc. – Lender License #MC-5896
  • Washington – MonsterLoans, a dba of Chou Team Realty, Inc. – Mortgage Lender License #CL-1049484

Pending State license approvals: LA, MN, OH, and more to come.

Lower your Monthly Payment/ Reduce monthly payment’ Disclosure: Please note that, where stated or implied, reducing your monthly payment through refinancing into another loan, albeit at a lower rate may increase your total interest payment (finance charges) over the life of the new loan because of the re-amortization of the loan into a term that is greater than the term on an existing loan that is being refinanced.