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The California Statement of Interest Addendum outlines the rights and interests of borrowers in mortgage agreements. It addresses the legal implications for registered domestic partners and spouses in property ownership.
If payment is late or wrongfully withheld, interest will accrue at a rate of 2% per month, until the payment is made. Also, if the dispute ends up in court or arbitration the prevailing party will be awarded costs and attorney fees.
The Statement of Economic Interest (Form 700) is a document that public officials, candidates for public office, and certain government employees in California are required to file. The form is used to disclose financial interests and avoid potential conflicts of interest in public service.
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