Document Update: MT Acknowledgment that Real Property is Not Exempt From Execution (Cx1412)
Dec 20, 2022
As previously announced, California Senate Bill No. 633 amends requirements for consumer credit contracts, particularly those regarding the Notice to Cosigner. These amendments are effective January 1, 2023.
Per an introductory paragraph of Senate Bill No. 633:
“The bill would require the Department of Financial Protection and Innovation to make translations of the notices available in the required languages on its internet website by January 1, 2023, and would require additional translations of any languages subsequently added to state law.”
On December 12, 2022, the California Department of Financial Protection and Innovation posted the new Notice to Cosigner translations on their website. The English translation has not changed, but the Spanish translation has. Consequently, California Notice to Cosigner (Cx886) is being updated to reflect the new Spanish translation.
Effective Date
These changes will be in effect on December 28, 2022. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
LEG-617
DR-138632
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.