THERE WILL BE NO MEETING IN JUNE OR JULY NEXT MEETING WILL BE AUGUST 6TH. MORE INFORMATION TO FOLLOW

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1 THERE WILL BE NO MEETING IN JUNE OR JULY NEXT MEETING WILL BE AUGUST 6TH. MORE INFORMATION TO FOLLOW

2 THANK YOU FOR RENEWING DENVER LANDSCAPE JULY RENEWALS C3 CONSTRUCTION DON HARTSOE BUILDERS LEATHERMAN ELECTRIC LOWES HOME IMPROVEMENT MCALISTER ELECTRIC QUEENS REMODELING COPY AND PASTE TO YOUR BROWSER FOR MORE INFORMATION SEPTEMBER 15-17, 2015 / CHARLOTTE CONVENTION CENTER

3 New Closing Rules Take Effect Oct. 1 The Consumer Financial Protection Bureau (CFPB) announced that new mortgage lending rules scheduled to take effect on Aug. 1 will be delayed until Oct. 1. On Oct. 1, the CFPB will institute new rules regarding disclosures under the Truth in Lending Act and Real Estate Settlement Procedures Act that will affect all home builders, particularly those with a real estate lending arm. Under the new procedures as a result of the Dodd Frank Act, four documents will be merged into two. The Good Faith Estimate and Truth in Lending disclosures will be eliminated and combined into a new single Loan Estimate form, or LE. In addition, the final Truth in Lending Disclosure and HUD-1 Settlement Statement are being replaced by the Closing Disclosure, or CD. What Do These Changes Mean? Under the new rule, the biggest change is that the Closing Disclosure must be provided to the consumer a full three days prior to the closing, and if there are changes during that 72-hour period, the closing could be delayed. Currently, the HUD-1 Settlement Statement can be presented to the buyer on the day of closing and any changes to the statement can take place during the loan closing. In addition, the Loan Estimate must be delivered to the prospective buyer no later than three business days after receiving the application. Changes Aimed at Helping Consumers These new rules are intended to streamline the loan application process and make it easier for consumers to understand by clearly spelling out the most relevant details all on one page the interest rate of the mortgage loan, the amount of the monthly payments and a listing of all the closing costs. For consumers applying for adjustable rate mortgages, the documents will explain how their interest rate and future monthly payments could change based on certain factors. During the rulemaking process, NAHB was actively involved by submitting comment letters, both individually and with coalition partners, urging the CFPB to ensure that any changes that would make it easier for consumers to understand and comply with the settlement process would not place any undue burdens on builders, lenders and other housing professionals. NAHB Resources Access an NAHB fact sheet on how builders can prepare for these changes. Read FAQs about the new disclosure rules. View a matrix comparing the new and existing disclosure rules.

4 Thank you to all the members that serve on the board as an officer and director OFFICERS AND BOARD MEMBERS Executive Officers President Turk (Clyde) Queen Vice President Builder _ Vice President Associate Cheryl Burgess Treasurer- Chris Smith Secretary Ronda Queen Past President Ryan Peeler Builder Directors Mark Ingle Barry Anthony Joe Dellinger Bradley Reinhardt Associate Directors Neal Rhyne Mort Wadsworth Tammy Richards John Duncan Advisors/Betty Setzer / Steve Peeler Vicki Cochran / Executive Officer MEMBERS DONATING TO BUILD PAC 2015 Mort Wadsworth Carolina Trust Bank Troy Motz Motz Development Joe Dellinger LC Dellinger Builders Jimmy Lowe Lowe s Home Improvement Lincolnton Shane Lockman Lowe s Home Improvement Lincolnton Clyde Queen Queen s Shingle Roofing

5 DONATE ON LINE AT It s a new year with a new goal. We have had a great year with membership increasing so of course our goal for 2015 will increase as well. It will be a year of growth and new plans being made in Lincoln County and surrounding area so please think putting a donation to Build pac in your 2015 budget. It is so important to have government officials who support the building industry and who will fight for us in Raleigh and Washington. If you have any question regarding what Build Pac is and does please let me know. lincolnhba@gmail.com RESTORE HOURS: WEDNESDAY TO SATURDAY 9 AM TO 3 PM PHONE: E SYCAMORE STREET LINCOLNTON, NC MAKE THE RIGHT DECISION DON T DUMP DONATE! CHECK OUR THEIR NEW LOCATION 2128 HWY 16 N DENVER NC CALL FOR MORE INFORMATION.

6 SPONSOR CLUB MEMBERS GOLD KERR S CONCRETE CAROLINA TRUST BANK WATSON INSURANCE SILVER PEOPLES BANK BRONZE QUEENS SHINGLE ROOFING A SANI-CAN SERVICE Thanks to the sponsors above for showing their support.!!!

7 HICKORY (828) MAIDEN (828) LENOIR (828) MORGANTON (828) Lincoln county home builders association

8 NEAL H. RHYNE BUSINESS INSURANCE SALES 301 East Main St. P.O. Box 697 Lincolnton, NC Business Home Renters Rental Dwellings Let us tailor an Insurance Program Condo Owners Boat Motor Home Motorcycle Direct Line (704) Fax (704) (800) Ext Cell (704) nrhyne@watsoninsurance.com QUEEN S SHINGLE ROOFING AND VINYL SIDING THE WORLD LOOKS UP TO ROOFERS 3358 LOOP ROAD, LINCOLNTON, NC CLYDE QUEEN/OWNER PHONE: We offer re-roofing, new application, and repair of all types of residential and commercial roofing. We also install metal roofing and all types of copper roofing. In recent years, we have expanded to include other exterior work, including siding and windows. We accept CHECKS CASH OR CREDIT CARDS

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10 All Day Banking*, Free Checking or Free Business Checking with Free Online Bill Pay. ALL great reasons for banking at The Real Peoples Bank! We also invite you to come by either of these four locations and ask about our Construction Loans, Business Loans or Mortgage Loans. Call us for more details today! LINCOLNTON DENVER TRIANGLE WEST LINCOLN 1910 East Main St 6125 Hwy 16 South 142 South Hwy Hwy 27, West Lincolnton, NC Denver, NC Denver, NC Lincolnton, NC Offices in Catawba, Claremont, Conover, Denver, Hickory, Hiddenite, Lincolnton, Maiden & Newton Monday - Thursday: Lobby 9am-5pm, Drive-Thru 8am-5pm Friday: Lobby 9am-6pm, Drive-Thru 8am-6pm *Same day credit for deposits made by 5:00 pm, Monday - Friday TOT SPOT 8151 WEBBS ROAD DENVER, NC