Who must sign the FHA Informed Consumer Choice Disclosure?

The FHA Informed Consumer Choice Disclosure is a document designed to ensure that both parties involved in a real estate transaction—namely the buyer and the seller—are aware of their options and the associated costs related to FHA loans. This disclosure serves to promote transparency in the home buying process and to protect consumers by providing them with crucial information about their choices.

By requiring signatures from both the buyer and the seller, the disclosure establishes mutual acknowledgment and understanding of the information presented. This helps to ensure that both parties are equally informed about key aspects such as loan terms and potential costs, thus fostering a more equitable transaction. The involvement of both parties is essential to uphold the integrity of the disclosure process and to help prevent any misunderstandings regarding the financial responsibilities involved in the transaction.