California Code of Regulations › Title 10 - Investment › Chapter 6 - Real Estate Commissioner › Article 16 - Mortgage Loan Brokerage › Section 2840 - Approved Borrower Disclosure Statements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The Commissioner shall publish and make
				available to interested persons as official forms of the Bureau of Real Estate
				Forms RE 882 (Rev. 8/08) and RE 883 (Rev. 8/08) which are incorporated by
				reference. Forms RE 882 and RE 883 contain approved format and content for the
				disclosure statement required by subdivision (a) of Section
				10240 of the Code and Section
				10241 of the Code.
(b) The publication of the forms pursuant to
				subdivision (a) hereof is for the purpose of aiding real estate licensees in
				providing the disclosure of material information to prospective borrowers in a
				uniform and effective manner.
(c) A
				real estate broker must obtain the prior written approval of the Commissioner
				if he/she wishes to use forms different than those referred to in (a). Forms
				that do not adequately provide the information required by the forms in
				subsection (a) above, as appropriate, and in a format that is easily used by
				the Bureau will not be approved.
1. Amendment
				  filed 11-19-69; designated effective 1-2-70 (Register 69, No. 47). For prior
				  history, see Register 63, No. 14.
2. Repealer and new section filed
				  4-17-73 as an emergency; designated effective 4-18-73. Certificate of
				  Compliance included (Register 73, No. 16).
3. Amendment filed
				  12-11-73 as an emergency; designated effective 1-1-74. Certificate of
				  Compliance included (Register 73, No. 50).
4. Amendment filed
				  12-3-80; effective thirtieth day thereafter (Register 80, No.
				  49).
5. Amendment filed 2-17-83; designated effective 2-20-83
				  pursuant to Government Code Section
				  11346.2(d)
				  (Register 83, No. 8).
6. Amendment of subsection (a) filed 11-16-87;
				  operative 12-16-87 (Register 87, No. 47).
7. Amendment filed
				  3-18-88; operative 4-17-88 (Register 88, No. 14).
8. Amendment filed
				  7-12-91; operative 8-11-91 (Register 91, No. 44).
9. Amendment of
				  subsections (a)-(c) filed 11-8-93; operative 12-8-93 (Register 93, No.
				  46).
10. Amendment of subsection (b) filed 11-13-96; operative
				  11-13-96 pursuant to Government Code section
				  11343.4(d)
				  (Register 96, No. 46).
11. Amendment of subsection (a) filed
				  12-30-97; operative 1-29-98 (Register 98, No. 1).
12. Amendment of
				  section and NOTE filed 3-17-2005; operative 4-16-2005 (Register 2005, No.
				  11).
13. Amendment of section heading, repealer and new section and
				  amendment of NOTE filed 8-29-2007; operative 9-28-2007 (Register 2007, No.
				  35).
14. Amendment of section and NOTE filed 1-14-2008 as an
				  emergency; operative 1-14-2008 (Register 2008, No. 3). A Certificate of
				  Compliance must be transmitted to OAL by 7-14-2008 or emergency language will
				  be repealed by operation of law on the following day.
15.
				  Certificate of Compliance as to 1-24-2008 order, including further amendment of
				  subsections (a) and (b), transmitted to OAL 7-3-2008 and filed 8-15-2008
				  (Register 2008, No. 33).
16. Change without regulatory effect
				  amending subsections (a) and (c) filed 6-30-2014 pursuant to section
				  100, title 1, California Code of
				  Regulations (Register 2014, No. 27).
Note: Authority cited: Sections
					 10080
					 and
					 10240.3,
					 Business and Professions Code. Reference: Sections
					 10240,
					 10240.3
					 and
					 10241,
					 Business and Professions Code.