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Get Trust Account Report (multi-lender Trans Ac Tions) - Dre Ca
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How to fill out the TRUST ACCOUNT REPORT (Multi-Lender Transactions) - Dre Ca online
Completing the TRUST ACCOUNT REPORT (Multi-Lender Transactions) is essential for brokers acting as servicing agents. This guide provides clear, step-by-step instructions on how to accurately fill out this important document online, ensuring compliance and smooth reporting.
Follow the steps to complete the form online.
- Click ‘Get Form’ button to access the form and open it in the appropriate editor.
- Fill in the broker information section, including the name of the broker/servicing agent, telephone number, business address, and broker license ID#.
- Select the reporting period by checking the appropriate box for the 1st, 2nd, 3rd, or 4th quarter. Provide the date the quarter ended, as well as the start and end dates of the fiscal year.
- List all depositories for trust funds. Provide the names of the banks or financial institutions where the broker's trust accounts are held for transactions related to the Business and Professions Code §10238.
- Complete the level of business section by indicating the number of notes being serviced, the aggregate principal amount of those notes, the total aggregate payments due during the reporting period, and the number of persons entitled to such payments.
- Provide information on the number of multi-lender sales transactions inspected, the aggregate principal amount of notes sold in those transactions, the number of payments inspected, and the dollar amount of those payments.
- In the comments section, note any deficiencies identified, corrective actions taken, or required explanations for any missing information.
- Ensure the certification section is completed, including the signature of the Certified Public Accountant and their printed or typed name, the name of the firm, business address, and telephone number.
- Review all information for accuracy, then save changes, download, or print the form as needed for submission.
Ensure your compliance by completing the TRUST ACCOUNT REPORT (Multi-Lender Transactions) online today.
A practising public accountant must conduct the audit for real estate trust accounts, and they must be a member of at least one of the following professional bodies: CPA Australia. Institute of Public Accountants, or. Chartered Accountants Australia and New Zealand.
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