BB&T Home Equity Disclosures

Appraisal Notification

If the “proposed collateral” in connection with your application for credit includes a first lien on a one- to four-family residence, you have a right to a copy of any and all written appraisals developed in connection with your application for credit. BB&T may order an appraisal to determine the property’s value and charge you for this appraisal. BB&T will give you a copy of any appraisal promptly upon completion, but in no case later than three days prior to the closing of your loan, even if your loan does not close. Any appraisal prepared in connection with the credit for which you have applied is for the sole use of BB&T.

You may choose to have a separate appraisal conducted at your own expense.

You may request a waiver of the three day requirement in order to accommodate an earlier loan closing date.

Insurance Disclosure

BB&T or its affiliates may not condition an extension of credit on either: the client's purchase of an insurance product from BB&T or any of its affiliates, or the client's agreement not to obtain, or a prohibition on the consumer from obtaining an insurance product from an unaffiliated entity.

Insurance products are: not a deposit or other obligation of, or guaranteed by BB&T or its affiliates; not insured by the Federal Deposit Insurance Corporation (FDIC), or any other agency of the United States, or by BB&T or its affiliates. If applicable, there is investment risk associated with the insurance product, including the possible loss of value.

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