California real estate disclosure laws California Real Estate Disclosures | Page 58

Your payments on existing debts contribute to your credit ratings. You
should not accept any advice to ignore your regular payments to your
existing creditors.

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Upon request, the loan originator of a “covered loan” shall provide to its
licensing agency or to the borrower, at no cost, documentation that
clearly demonstrates whether the loan is a “covered loan.” This
documentation shall include, but not be limited to, full disclosure of the
original principal balance, the annual percentage rate (APR), and the
total point and fees, as defined in Financial Code Section 4970.