Document Updates: Cx2797 CA Consumer Caution and Home Ownership Counseling Notice

Our California Consumer Caution and Home Ownership Counseling Notice (Cx2797) is given pursuant to Cal. Fin. Code §4973(k) which requires a “Consumer Caution and home ownership counseling notice” to be given to covered loans. California Assembly Bill number 3108 was passed September 24, 2024 and becomes effective January 1, 2025. The Bill updated the notice by updating the website to the HUD approved housing counseling agencies. We have updated Cx2797 to match the model notice language by updating the URL.

This change is available for testing on Stage & Stage 2 servers and will take effect on Jan 1, 2025. If you have any questions or concerns, please contact Client Support at 1.800.497.3584.

DR-166590

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.