CA RE-885 2008 free printable template

State of California Department of real estate Serving Californians Since 1917 Mortgage Loan Disclosure statement/ Food Faith estimate nontraditional Mortgage Product (one to Four residential units)

How to fill out CA RE-885

How to fill out CA RE-885

1. Obtain the CA RE-885 form from the California Department of Real Estate website or your local DRE office.
2. Fill in your full name and contact information at the top of the form.
3. Provide your California real estate license number if you have one.
4. Indicate the reason for submitting the CA RE-885 on the designated line.
5. If applicable, include details regarding any complaints or disciplinary actions.
6. Review the completed form for accuracy and ensure all required sections are filled out.
7. Sign and date the form at the bottom as required.
8. Submit the form to the California Department of Real Estate via mail or online submission as instructed.

Who needs CA RE-885?

1. Individuals who wish to appeal a decision made by the California Department of Real Estate.
2. Real estate licensees facing disciplinary action who need to provide additional information.
3. Persons applying for a real estate license who need to disclose certain information.

People Also Ask about

When must lenders provide borrowers with a disclosure statement?

You receive a Truth-in-Lending disclosure twice: an initial disclosure when you apply for a mortgage loan, and a final disclosure before closing. Your Truth-in-Lending form includes information about the cost of your mortgage loan, including your annual percentage rate (APR).

When must lenders provide borrowers with a disclosure statement regarding finance charges?

Interest rates, payment terms and miscellaneous charges must be disclosed with the loan application and before the first transaction.

What is the purpose of the disclosure statement?

A disclosure statement is a financial document given to a participant in a transaction explaining key information in plain language. Disclosure statements for retirement plans must clearly spell out who contributes to the plan, contribution limits, penalties, and tax status.

What is a mortgage loan disclosure statement?

A Closing Disclosure is a five-page form that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).

When must the TILA disclosure be provided?

TILA disclosures is often provided as part of the loan contract, so the borrower may be given the entire contract for review when the TILA is requested. Borrowers should always receive and review the TILA disclosure page in detail before signing any loan contact that obligates repayment.

Is a loan disclosure and closing disclosure the same thing?

The Loan Estimate and Closing Disclosure are two forms that you'll receive during the homebuying process. The Loan Estimate comes at the beginning, after you apply, while the Closing Disclosure comes at the end, before you sign the final paperwork for your mortgage.

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What is CA RE-885?

CA RE-885 is a form used by individuals and businesses in California to report certain real estate transactions and related documentation to the state's Franchise Tax Board.

Who is required to file CA RE-885?

Individuals or businesses that engage in real estate transactions that meet specific criteria set by the California Franchise Tax Board are required to file CA RE-885.

How to fill out CA RE-885?

CA RE-885 should be filled out by providing the required information regarding the real estate transaction, including the property details, the parties involved, and any relevant financial information as instructed on the form.

What is the purpose of CA RE-885?

The purpose of CA RE-885 is to collect data on real estate transactions to ensure compliance with tax regulations and to help the state assess property tax values.

What information must be reported on CA RE-885?

The information that must be reported on CA RE-885 includes the names and addresses of the parties involved, a description of the property, transaction dates, and the transaction amount.