Document Updates: New Upon Request California Processing-Underwriting Disclosure (Cx29009)
May 7, 2026
Cal. Fin. Code § 50129(a)(2) states:
Engage, pursuant to a written agency contract with an institutional lender specified in paragraph (1), (2), or (4) of subdivision (k) of Section 50003, in the business of soliciting, processing applications, or applying residential loan underwriting criteria, but not engage in the business of brokerage services pursuant to this subdivision, for residential mortgage loans for that lender, using or advancing the funds of that lender, provided that no fees or charges may be demanded or collected by the residential mortgage lender licensee for any performance or service, except fees demanded by, or collected on behalf of, the institutional lender, and that the licensee gives a written disclosure to the borrower, as soon as practicable but prior to loan closing, identifying the licensee and stating that the licensee is not the lender in the transaction but has contracted to provide soliciting, processing, or underwriting services for the lender. Separate schedules of the number and principal amount of the loans processed and underwritten shall be included in the licensee's annual report required by subdivision (a) of Section 50401.
To fulfill this requirement, we have created Cx29009 “CA Processing-Underwriting Disclosure” as an Upon Request document.
Cx29009 default print configurations are:
State Code (2279) = California
Document Package Type (18215) = Initial Disclosure
California License Type (Lender) (51790) = CA Residential Mortgage Lending Act
Additionally, Cx29009 can be custom configured to print for any other California license type regardless of whether it is for a lender or a broker.
These changes are available for testing on Stage & Stage 2 servers and will take effect on May 14, 2026. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
COM-7345
DR-220255
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.