Page 1 of 2 State of California Department of Real Estate Providing Service, Protecting You Mortgage 2026

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california mortgage loan disclosure statement Preview on Page 1

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the Borrower's Name(s) in the designated field. This is crucial for identifying who is applying for the mortgage.
  3. Next, provide the Real Property Collateral information by entering the street address or legal description of the property intended as security for the loan.
  4. If known, specify the Intended Lender to whom your loan application will be delivered. If not known, you can select 'Unknown'.
  5. Fill out all applicable fees and expenses related to loan origination in the provided sections. Ensure accuracy as these are required disclosures under B&P Section 10241.
  6. Complete the General Information About Loan section by entering details such as Proposed Interest Rate and Proposed Monthly Loan Payments.
  7. Finally, review all entered information for accuracy before signing at the bottom of the form. Ensure that all parts are completed before submission.

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No more listed compensation offers The new rules now prohibit home sellers from advertising commissions for buyers agents on multiple listing services (MLS) online. This doesnt mean sellers are not allowed to offer buyer agent commissions at all. It only prevents them from advertising it on MLS websites.
Common violations include commingling trust funds with business or personal funds, failing to reconcile trust accounts regularly, and not maintaining proper records for each transaction.
As of Jan. 1, 2025, California law mandates a written buyer-broker representation agreement for buyers brokers to receive a commission in real property sales. The new law applies to sales of all property types, including office, retail, industrial, multifamily and single-family properties.
The primary objective of the Department of Real Estate (DRE) is the protection of the public interest in regard to the offering of subdivided lands, and the handling of real estate transactions by licensees.

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