Cal. Code Regs. Tit. 10, § 2846 - Approved Lender/Purchaser Disclosure Statement

Current through Register 2021 Notice, Register No. 40, October 1, 2021

(a) The commissioner shall publish and make available to interested persons as an official form of the Bureau of Real Estate, an approved format and content for the disclosure statements referred to in subdivisions (a) and (b) of Section 10232.5 of the Code.
(b) The publication of a form pursuant to subdivision (a) hereof is for the purpose of aiding real estate licensees in providing information of significance to prospective lenders and purchasers of promissory notes secured by real property and real property sales contracts in a uniform and effective manner. The form shall not constitute the only format or prescribed content that will satisfy the requirements of Section 10232.5 of the Code. The commissioner will entertain requests for approval of a proposed disclosure statement not in conformance with the form published pursuant to subdivision (a) only from persons who have established to the satisfaction of the commissioner that the request for approval is made on behalf of 25 or more real estate brokers who are subject to subdivision (e) of Section 10232 of the Code.

Notes

Cal. Code Regs. Tit. 10, § 2846

Note: Authority cited: Section 10080, Business and Professions Code. Reference: Sections 10232.4 and 10232.5, Business and Professions Code.

1. Repealer filed 5-13-82; effective thirtieth day thereafter (Register 82, No. 20).
2. New section filed 5-13-82; effective thirtieth day thereafter (Register 82, No. 20). For prior history, see Register 61, No. 15.
3. Change without regulatory effect amending subsection (a) filed 6-30-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 27).

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