The ESMBA Legal Hot Line

The Empire State Mortgage Bankers Association is P{leased to announce the creation of the
ESMBA Legal Hot line. The purpose of the ESMBA Hot Line is to provide members who have
questions or concerns regarding mortgage banking and compliance matters with an
experienced, centralized source of information. The ESMBA Legal Hot Line will be available
on business days (other than holidays) from the hours of 11:00 AM to 12:00 PM. It will be
staffed by attorneys for the law firm of Abrams Garfinkel Margolis Bergson, LLP, ESMBA's
Legal Counsel. The phone number for the ESMBA Legal Hot Line is (212) 201-1170

When members contact the ESMBA Legal Hot Line, they should be prepared to give their
name and their firms name. Members are encouraged to consider their questions prior to
contacting the ESMBA Legal Hot Line and such questions will be presumed to be hypothetical
in nature. Neither the ESMBA or its counsel will independently verify the questions or
information provided by members and all commenst will be based soley on such information.
Only questions regarding mortgage banking and compliance issues or matters will be
discussed.

While the the ESMBA Legal Hot Line will be staffed by attorneys, the materials, comments
and answers provided toi members who contact the ESMBA Legal Hot Line will be for
informational purposes only. No legal advice will be given by the attorneys staffing the
ESMBA Legal Hot Line and no attorney-client relationship will be created or implied by
contacting the ESMBA Legal Hot Line or by using materials or information presented in
connection therewith.

The ESMBA Legal Hot Line is not intended to replace a members need for its own counsel.
All members should seek independent legal advice where they have specific legal questions
pertaining to specific legal circumstances or where otherwise appropriate.

ESMBA will have no liability, and assumes no responsibility, for the answers provided by the
attorneys who staff the ESMBA Legal Hot Line.