TO: | Real Estate Commissioner Mortgage Loan Section 1651 Exposition Boulevard Sacramento, CA 95815 | |
This notice is filed pursuant to Sections 10237 and 10238 of the Business and Professions Code. | ||
( ) Original Notice( ) Amended Notice | ||
1. | Name of the Broker conducting transaction under Section 10237: | |
2. | Broker license identification number: | |
3. | List the month the fiscal year ends: | |
4. | Broker's telephone number: | |
5. | Firm name (if different from "1"): | |
6. | Street address (main location): | |
# and StreetCityStateZIP Code _____ | ||
7. | Mailing address (if different from "6"): | |
8. | Servicing agent: Identify by name, address, and telephone number the person or entity who will act as the servicing agent in transactions pursuant to Section 10237 (including the undersigned Broker if that is the case): | |
9. | Total number of multilender notes arranged: | |
10. | Total number of interests sold to investors on the multilender's notes: ______ | |
11. | Inspection of trust account (before answering this question, review the provisions of paragraph (3) of subdivision (k) of Section 10238). | |
CHECK ONLY ONE OF THE FOLLOWING: | ||
( ) | The undersigned Broker is (or expects to be) required to file reports of inspection of its trust account(s) with the Real Estate Commissioner pursuant to paragraph (3) of subdivision (k) of Section 10238. | |
Amount of Multilender Payments Collected Last Fiscal Quarter: | ||
Total Number of Investors Due Payments Last Fiscal Quarter: | ||
( ) | The undersigned Broker is NOT (or does NOT expect to be) required to file reports of inspection of its trust account(s) with the Real Estate Commissioner pursuant to paragraph (3) of subdivision (k) of Section 10238. | |
12. | Signature. The contents of this notice are true and correct. | |
Date | Type Name of Broker | |
Signature of Broker or of Designated Officer of Corporate Broker | ||
Type Name of Person(s) Signing This Notice |
NOTE: AN AMENDED NOTICE MUST BE FILED BY THE BROKER WITHIN 30 DAYS OF ANY MATERIAL CHANGE IN THE INFORMATION REQUIRED TO BE SET FORTH HEREIN.
Transaction Identifier: | |
Name of Purchaser: Date: | |
Check either one of the following, if true: | |
( ) | My investment in the transaction does not exceed 10% of my net worth, exclusive of home, furnishings, and automobiles. |
( ) | My investment in the transaction does not exceed 10% of my adjusted gross income for federal income tax purposes for my last tax year or, in the alternative, as estimated for the current year. |
Signature |
(A) | Single-family residence, owner occupied ........................ | 80% |
(B) | Single-family residence, not owner occupied ........................ | 75% |
(C) | Commercial properties and income-producing properties not described in (B) or (E) ........................ | 65% |
(D) | Single-family residentially zoned lot or parcel that has installed offsite improvements including drainage, curbs, gutters, sidewalks, paved roads, and utilities as mandated by the political subdivision having jurisdiction over the lot or parcel ........................ | 65% |
(E) | Land that produces income from crops, timber, or minerals ........................ | 60% |
(F) | Land that is not income producing but has been zoned for (and if required, approved for subdivision as) commercial or residential development ........................ | 50% |
(G) | Other real property ........................ | 35% |
Ca. Bus. and Prof'l. Code § 10238