Which section of the URLA contains questions which, depending on the applicant's answer, could result in immediate rejection of the application?

The section of the Uniform Residential Loan Application (URLA) that contains questions leading to immediate rejection of the application is the Declarations section. This part of the application asks the borrower specific questions about their financial and legal background that can directly affect their eligibility for a loan.

For example, questions regarding bankruptcies, foreclosures, legal actions, or any delinquencies in mortgage payments need to be answered truthfully, as a negative response to these questions may indicate that the applicant poses a higher risk to the lender. If an applicant answers affirmatively to questions regarding certain financial difficulties or legal issues, it can lead to an outright denial of the application without further evaluation.

In contrast, the other sections, such as Information for government monitoring purposes, Details of the transaction, and Acknowledgment and agreement, do not carry the same weight regarding immediate application rejection. They are generally more informational or procedural, affecting the overall context of the application rather than serving as decisive factors for eligibility. Thus, the Declarations section is uniquely positioned in the URLA as the area that can lead to immediate rejections based on the applicant's direct responses.