Lender Loan Disclosure Form
The Pre-Loan Approval
process has been a major headache
for REALTORS® and buyers/borrowers.
There has not been any Lender
Standard of Practice indicating just
what documents the Buyer/Borrower
must produce to receive loan
approval or any information about
how quickly the Lender must receive
these documents. For more
information,
click here.
CREC Form Changes
The
CREC held an emergency rulemaking to
implement changes to many contracts and
forms. These forms are optional
effective May 1, 2009, and
mandatory effective July 1, 2009.
CREC prepared a red-lined PDF file of the rules for your
reference. Redlined
PDF file here.