Compliance and Legal Disclosures
Licensing and Regulatory Compliance
ModernPad.homes operates in strict accordance with the real estate and mortgage regulations of both California and Nevada.
California Operations
✔ Real Estate Services:
Our California real estate activities are conducted by professionals holding valid California real estate broker licenses, as mandated by the California Department of Real Estate (DRE).
✔ Mortgage Loan Services:
All mortgage loan originators (MLOs) in California possess the necessary endorsements to their real estate licenses, ensuring compliance with the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act).
Nevada Operations
✔ Real Estate Services:
Our Nevada real estate professionals are licensed in accordance with the Nevada Real Estate Division's standards, adhering to all state-specific regulations.
✔ Mortgage Loan Services:
Mortgage-related services in Nevada are provided by licensed mortgage loan originators, complying with the Nevada Division of Mortgage Lending's requirements.
Fair Lending Practices
ModernPad.homes is committed to upholding fair lending practices. We strictly adhere to the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act (FHA), ensuring that all clients receive equitable treatment regardless of race, color, religion, sex, national origin, disability, or familial status.
Consumer Protection
We prioritize transparency and consumer protection by complying with the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). These federal laws are designed to provide consumers with clear information about the terms and costs associated with real estate and mortgage transactions.
Privacy and Data Security
Protecting your personal information is of utmost importance to us. ModernPad.homes implements robust data security measures to safeguard your data, complying with applicable state and federal privacy laws.
Anti-Money Laundering Compliance
In alignment with the Financial Crimes Enforcement Network (FinCEN) regulations, we have established policies to detect and prevent money laundering activities within the real estate sector. This includes compliance with the Corporate Transparency Act and related reporting requirements.
Contact Information
For any compliance-related inquiries or concerns, please contact our Compliance Officer at:
Email: compliance@modernpad.homes
Phone: (310) 867-9586