Following a review of standard California specific forms, we have made changes to Cx18014 to more closely align with the requirements of 21 CCR 7114.1, which requires certain demographic information to be given to each applicant.
The statute reads, in part:
“If this loan is for the purchase, construction, rehabilitation or refinancing of a housing accommodation, the following information is requested by the State of California and the federal government to monitor this financial institution’s compliance with the Housing Financial Discrimination Act, Equal Credit Opportunity Law, and Fair Housing Law. The law provides that a financial institution may neither discriminate on the basis of this information nor on whether or not it is furnished. Furnishing this information is optional. If you do not wish to furnish this information, please initial below.”
Docutech has updated Cx18014 as follows:
- Updated the first paragraph to include “If you do not wish to furnish this information, please initial below.”
- Added “Initial Here” next to the check box “I do not wish to furnish this information.”
These changes will be in effect on May 23, 2017. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.