Which of the following details is NOT required in the written disclosure to borrowers?

The correct answer highlights that a description of services offered is not a required detail in the written disclosure to borrowers under the New Jersey Residential Mortgage Lending Act. The primary focus of written disclosures is to ensure that borrowers are well-informed about the financial aspects related to their loan, including the specific fees associated with the loan process, the terms regarding fee refunds, and realistic timelines for loan commitment.

Each of the other details—such as the amount of each fee, refund terms, and loan commitment timing—is essential for transparency. They allow borrowers to understand their financial obligations and the overall process they will be engaging in. Specifically, knowing the exact fees helps borrowers assess the costs, refund terms clarify any conditions for recovering payments, and providing an estimate of loan commitment timing sets proper expectations regarding how long the process might take.

Focusing on the critical financial components rather than the broader description of services helps ensure that borrowers receive the most pertinent information to make informed decisions regarding their mortgage.