Potential borrower negotiates terms through his/her own interpreter Loans secured by real property, unless they’re negotiated by a real estate broker. Translation of the contract or agreement in For Lenders licensed Supervised the language in which it When a contract or under the California Financial was negotiated in must Spanish, agreement is Finance Lenders Law, Organization be provided prior to the Chinese, negotiated primarily, CAL. CIV. fulfilled by use of complies with § execution thereof. Tagalog, whether orally or in CODE § 15532 (Spanish); 1632.5 instead Translated contract must Vietnamese, writing, in Spanish, (West 2012) For other lenders, Complies with § include translation of or Korean Chinese, Tagalog, fulfilled by use of 1632(c) instead, every term and condition Vietnamese, or Korean 17108 (Spanish), and when applicable in the 17109 (Spanish) (provides contract/agreement. Statement to the borrower under CAL. BUS. & PROF. CODE § 10240). Complies with CAL. CIV. CODE § 1632(e) instead. Bank chartered under federal law.
Translation of the contract or agreement in the language in which it was negotiated in must be provided prior to the execution thereof. Translated contract must include translation of every term and condition in 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 Potential borrower negotiates terms through his/her own interpreter Loans secured by real property, unless they’re negotiated by a real estate broker. Supervised Financial Organization complies with § 1632.5 instead Complies with § 1632(c) instead, when applicable (provides Statement to the borrower under CAL. BUS. & PROF. CODE § 10240). Complies with CAL. CIV. CODE § 1632(e) instead. Bank chartered under federal law. CAL. CIV. CODE § (West 2012) For Lenders licensed under the California Finance Lenders Law, fulfilled by use of 15532 (Spanish); For other lenders, fulfilled by use of 17108 (Spanish), and 17109 (Spanish)
Foreign-Language-Disclosure-Matrix-2013.docx