California real estate disclosure laws California Real Estate Disclosures | Page 51

and registration by the Department of Corporations upon which the broker is
relying for the securities being issued in connection with the transaction.

4. Loan Servicing in Multi-Lender and in other than MultiLender Transactions.
Real estate brokers who service loans are required to provide certain
disclosures to the lenders or note holders as well. Any such servicing on
behalf of a borrower, lender or note holder must be done pursuant to a
written authorization or servicing agreement. California law does not allow
the advancing of funds by a broker for payments that should have been paid
or tendered by the borrower w