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STATE OF CALIFORNIA
DEPARTMENT OF REAL ESTATE Page 1 of 3Providing Service, Protecting Mortgage LOAN DISCLOSURE STATEMENT (TRADITIONAL)
RE 882 (Rev. 10/10)
BORROWER\'S NAME(S)REAL PROPERTY COLLATERAL:
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What is m l d s?
MLDS stands for 'Money Laundering and Terrorist Financing Reporting System', which is a regulatory framework for the reporting of suspicious transactions to prevent financial crimes.
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Entities such as financial institutions, real estate agents, and other businesses involved in cash transactions are required to file MLDS.
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Filling out MLDS typically involves providing detailed information about the transaction, the parties involved, and any suspicious activities observed. Specific forms or electronic filing systems provided by regulatory authorities must be used.
What is the purpose of m l d s?
The purpose of MLDS is to promote transparency and prevent money laundering and terrorist financing by ensuring that suspicious transactions are reported to the relevant authorities.
What information must be reported on m l d s?
Information required includes details of the parties involved, nature of the transaction, amount, date, and any other relevant observations that may indicate suspicious activities.
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