LEGAL

Disclosures

Important licensing, regulatory, and financial advisory disclosures required for Union Point Financial and its family of companies.

Last Updated: January 1, 2025

Important Notice: These disclosures apply to Union Point Financial and all of its subsidiaries — Union Point Home Mortgages, Union Point Insurance, The P&C Agency, Union Point Commercial Finance, Union Point Merchant Processing, UP Tax Advisory, and UP Exit Advisors. Please read all disclosures carefully before engaging our services.

Regulatory Affiliations & Compliance

Equal Housing Lender
NMLS Registered
State Licensed Insurance
CFPB Compliant
BSA/AML Compliant
PCI DSS Compliant

1. General Disclosure

Nature of Information

The information provided on this website and by Union Point Financial and its subsidiaries is for general informational purposes only and does not constitute financial, legal, tax, or investment advice. All content is subject to change without notice. Nothing on this website should be construed as a solicitation or offer to buy or sell any financial product or service.

No Guarantee of Results

Past performance is not indicative of future results. Any financial projections, estimates, or illustrations presented are hypothetical in nature and are not guarantees of future performance. Actual results will vary based on individual circumstances, market conditions, and other factors beyond our control.

Consult a Professional

Before making any financial decisions, you should consult with a qualified financial advisor, attorney, or tax professional who can evaluate your specific situation. Union Point Financial strongly encourages all clients to seek independent professional advice tailored to their individual needs and objectives.

2. Licensing & Registration

Mortgage Licensing

Union Point Home Mortgages operates as a licensed mortgage broker/lender. Mortgage loan origination activities are conducted by licensed Mortgage Loan Originators (MLOs) registered with the Nationwide Multistate Licensing System & Registry (NMLS). Licensing information is available at www.nmlsconsumeraccess.org. Specific state license numbers are available upon request and are disclosed at the time of application.

Insurance Licensing

Union Point Insurance and The P&C Agency operate as licensed insurance agencies. Our agents are licensed in the states in which they conduct business. Insurance products are offered through licensed insurance agents and are subject to state regulatory approval. Not all products are available in all states. License numbers are available upon request.

Commercial Finance Licensing

Union Point Commercial Finance operates in compliance with applicable federal and state commercial lending laws. Commercial loans and business financing products are not subject to the same consumer protection regulations as residential mortgage loans. Borrowers are encouraged to review all loan documents carefully and seek independent legal counsel prior to closing.

Tax Advisory Registration

UP Tax Advisory services are provided by licensed tax professionals, including Enrolled Agents (EAs) and Certified Public Accountants (CPAs) where applicable. Tax advisory services are subject to applicable IRS Circular 230 regulations. Our tax professionals are registered with the IRS and maintain required continuing education credentials.

Business Brokerage Licensing

UP Exit Advisors operates as a licensed business brokerage firm where required by state law. Business brokerage activities may require a real estate license in certain states. Our brokers maintain all required state licenses and professional certifications applicable to business sales and acquisitions.

3. Regulatory Compliance

Equal Credit Opportunity Act (ECOA)

Union Point Financial and its subsidiaries comply with the Equal Credit Opportunity Act (ECOA), which prohibits discrimination in credit transactions on the basis of race, color, religion, national origin, sex, marital status, age, receipt of public assistance income, or the exercise of any right under the Consumer Credit Protection Act.

Fair Housing Act

We are committed to compliance with the Fair Housing Act, which prohibits discrimination in residential real estate transactions based on race, color, national origin, religion, sex, familial status, or disability. We are an Equal Housing Lender.

Truth in Lending Act (TILA) & RESPA

All mortgage loan disclosures are provided in accordance with the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA), as implemented by Regulation Z and Regulation X. Loan Estimates and Closing Disclosures are provided within required timeframes.

Bank Secrecy Act / Anti-Money Laundering (BSA/AML)

Union Point Financial maintains a comprehensive Bank Secrecy Act / Anti-Money Laundering compliance program. We are required by law to verify the identity of all clients, maintain records of certain transactions, and report suspicious activity to the Financial Crimes Enforcement Network (FinCEN) as required.

Gramm-Leach-Bliley Act (GLBA)

In accordance with the Gramm-Leach-Bliley Act, we provide clients with a Notice of Privacy Practices describing how we collect, use, and share nonpublic personal information. Clients have the right to opt out of certain information sharing practices as described in our Privacy Policy.

CFPB Compliance

Our mortgage and consumer financial services operations are subject to oversight by the Consumer Financial Protection Bureau (CFPB). We are committed to treating all consumers fairly and in compliance with all applicable CFPB regulations and guidelines.

4. Financial Advisory Disclosures

Not a Registered Investment Advisor

Union Point Financial is not a registered investment advisor (RIA) under the Investment Advisers Act of 1940. We do not provide securities investment advice, portfolio management, or securities brokerage services. Any discussions of investment strategies are general in nature and do not constitute personalized investment advice.

Insurance Products Are Not Securities

Fixed annuities, fixed indexed annuities, and life insurance products offered through Union Point Insurance are insurance products, not securities. They are not registered with the Securities and Exchange Commission (SEC) and are not subject to FINRA oversight. These products are regulated by state insurance departments.

Annuity Disclosures

Annuities are long-term financial products designed for retirement purposes. Withdrawals prior to age 59½ may be subject to a 10% IRS penalty in addition to ordinary income taxes. Surrender charges may apply during the surrender period. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.

Life Insurance Disclosures

Life insurance products involve underwriting and are subject to approval based on health and other factors. Premiums and coverage amounts vary based on age, health status, and policy type. Policy illustrations are not guarantees of future performance. Cash value accumulation in permanent life insurance policies is not guaranteed and may vary.

Retirement Planning Disclosures

Retirement planning strategies discussed by our advisors are based on current tax laws and regulations, which are subject to change. Social Security benefit estimates are based on current law and may change. We recommend consulting with a qualified tax advisor and estate planning attorney as part of your comprehensive retirement plan.

5. Mortgage & Lending Disclosures

Not a Commitment to Lend

Any rate quotes, pre-qualifications, or pre-approvals provided by Union Point Home Mortgages or Union Point Commercial Finance do not constitute a commitment to lend. All loan applications are subject to underwriting review, credit approval, property appraisal, title review, and satisfaction of all applicable loan conditions prior to closing.

Rate & APR Disclosures

Interest rates and Annual Percentage Rates (APRs) quoted are subject to change without notice and are based on market conditions at the time of quotation. Rates are subject to credit qualification, loan-to-value ratio, property type, occupancy, and other factors. The APR includes the interest rate plus certain fees and costs associated with the loan.

NMLS Consumer Access

You may verify the licensing status of our mortgage loan originators through the NMLS Consumer Access website at www.nmlsconsumeraccess.org. This free service allows consumers to confirm that mortgage professionals are properly licensed in their state.

Commercial Lending Notice

Commercial real estate loans, business loans, and investment property financing are commercial transactions and are not subject to the same consumer protection laws as residential mortgage loans. Commercial borrowers are presumed to be sophisticated parties capable of evaluating the terms and risks of commercial financing.

6. Insurance Disclosures

Compensation Disclosure

Union Point Insurance and The P&C Agency receive compensation from insurance carriers in the form of commissions and, in some cases, contingent compensation based on volume, profitability, or growth. This compensation structure may create a potential conflict of interest. We are committed to recommending products that are suitable for our clients regardless of compensation.

Coverage Limitations

All insurance policies contain terms, conditions, exclusions, and limitations that affect coverage. Policy summaries and illustrations provided during the sales process are not the insurance contract. Clients should carefully review the complete policy documents to understand the full scope of coverage, exclusions, and limitations.

State Availability

Insurance products and coverage options vary by state. Not all products described on this website are available in all states. Coverage availability, terms, and pricing are subject to state regulatory approval and may differ from state to state.

Carrier Financial Strength

Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance carrier, not by Union Point Financial or its subsidiaries. We recommend that clients review the financial strength ratings of insurance carriers, available from rating agencies such as A.M. Best, Moody's, and Standard & Poor's.

7. Tax Advisory Disclosures

IRS Circular 230 Notice

To ensure compliance with IRS Circular 230, any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

Tax Law Changes

Tax laws and regulations are subject to change by Congress, the IRS, and state taxing authorities. Tax strategies that are effective today may not be available or advantageous in the future. UP Tax Advisory will make reasonable efforts to keep clients informed of material changes affecting their tax situation, but clients are ultimately responsible for compliance with applicable tax laws.

Accuracy of Information

The accuracy of tax returns and tax planning strategies depends on the completeness and accuracy of information provided by the client. UP Tax Advisory is not responsible for errors or omissions resulting from incomplete or inaccurate information provided by clients. Clients are responsible for reviewing all tax returns before filing.

8. Merchant Processing Disclosures

Payment Processing Services

Union Point Merchant Processing acts as an independent sales organization (ISO) and merchant services agent. Payment processing services are provided through registered payment processors and acquiring banks. Merchant accounts are subject to underwriting approval and compliance with card network rules and regulations.

PCI DSS Compliance

Merchants utilizing our payment processing services are required to maintain compliance with the Payment Card Industry Data Security Standard (PCI DSS). Union Point Merchant Processing provides guidance and resources to assist merchants in achieving and maintaining PCI compliance, but ultimate responsibility for compliance rests with the merchant.

Fee Disclosures

Merchant processing fees, including interchange rates, assessment fees, and processing fees, are disclosed in the merchant services agreement. Fees are subject to change in accordance with card network rule changes and as otherwise provided in the merchant agreement. Merchants should review their monthly statements carefully.

9. Third-Party & Affiliate Relationships

Affiliated Companies

Union Point Financial operates through several affiliated subsidiaries including Union Point Home Mortgages, Union Point Insurance, The P&C Agency, Union Point Commercial Finance, Union Point Merchant Processing, UP Tax Advisory, and UP Exit Advisors. These entities may share resources, personnel, and client information as permitted by applicable law and our Privacy Policy.

Referral Relationships

Union Point Financial and its subsidiaries may have referral relationships with third-party service providers including real estate agents, attorneys, accountants, and other financial professionals. We may receive compensation for referrals. Such relationships do not affect the quality or objectivity of our recommendations to clients.

Third-Party Websites

Links to third-party websites are provided for convenience only. Union Point Financial does not endorse, control, or assume responsibility for the content, privacy practices, or accuracy of any third-party website. Visiting third-party websites is at your own risk.

10. Limitation of Liability

Disclaimer of Warranties

The information and services provided on this website are provided "as is" without warranty of any kind, either express or implied, including but not limited to implied warranties of merchantability, fitness for a particular purpose, or non-infringement. Union Point Financial does not warrant that the website will be uninterrupted, error-free, or free of viruses or other harmful components.

Limitation of Damages

To the maximum extent permitted by applicable law, Union Point Financial and its subsidiaries shall not be liable for any indirect, incidental, special, consequential, or punitive damages arising out of or related to your use of this website or our services, even if we have been advised of the possibility of such damages.

Governing Law

These disclosures and any disputes arising from your use of our website or services shall be governed by and construed in accordance with the laws of the state in which services are provided, without regard to conflict of law principles. Any legal action must be brought in the appropriate courts of competent jurisdiction.

Questions About These Disclosures?

If you have questions about any of the disclosures contained on this page, or wish to verify the licensing status of any of our professionals, please contact our compliance team. We are committed to full transparency and regulatory compliance in all of our operations.

Company

Union Point Financial

Compliance Department