Potential Translation of the borrower statement to borrower negotiates required in CAL. BUS. & terms through PROF. CODE § 10240 in the his/her own When a loan is language in which the interpreter Spanish, negotiated in a contract was negotiated, Chinese, language other than CAL. CIV. 17108 (Spanish) provided within three Supervised Tagalog, English by a real estate CODE § 17109 (Spanish with business days after Financial Vietnamese, broker and such loan (West 2012) GFE) receipt of a completed Organization or Korean will be secured by a written loan application complies with § lien on real property or before a borrower 1632.5 instead becomes obligated on the note – whichever is Complies with earlier. CAL. CIV. CODE § 1632(e) instead. Potential borrower negotiates When a contract or Disclosures Required by terms through agreement is Regulation Z, or California his/her own Spanish, negotiated primarily, Finance Lenders Law, in interpreter Chinese, whether orally or in CAL. CIV. language in which the 14389 (Spanish TIL) Tagalog, writing, in Spanish, CODE § contract/agreement was Supervised 7383 (Spanish TIL) Vietnamese, Chinese, Tagalog, (West 2012) negotiated prior to the Financial or Korean Vietnamese, or Korean execution of the Organization by a supervised contract/agreement. complies with § financial organization 1632.5 instead
Translation of the statement to borrower required in CAL. BUS. & PROF. CODE § 10240 in the language in which the contract was negotiated, provided within three business days after receipt of a completed written loan application or before a borrower becomes obligated on the note – whichever is earlier. Spanish, Chinese, Tagalog, Vietnamese, or Korean When a loan is negotiated in a language other than English by a real estate broker and such loan will be secured by a lien on real property Potential borrower negotiates terms through his/her own interpreter Supervised Financial Organization complies with § 1632.5 instead Complies with CAL. CIV. CODE § 1632(e) instead. CAL. CIV. CODE § (West 2012) 17108 (Spanish) 17109 (Spanish with GFE) Disclosures Required by Regulation Z, or California Finance Lenders Law, in language in which the contract/agreement was negotiated prior to the execution of the contract/agreement. Spanish, Chinese, Tagalog, Vietnamese, or Korean When a contract or agreement is negotiated primarily, whether orally or in writing, in Spanish, Chinese, Tagalog, Vietnamese, or Korean by a supervised financial organization Potential borrower negotiates terms through his/her own interpreter Supervised Financial Organization complies with § 1632.5 instead CAL. CIV. CODE § (West 2012) 14389 (Spanish TIL) 7383 (Spanish TIL)
Foreign-Language-Disclosure-Matrix-2013.docx