State Laws & Regulations

State Laws & Regulations

Bay Arealty — Genesis Loans is committed to full compliance with all applicable federal and state mortgage lending laws and regulations.

Bay Arealty — Genesis Loans Compliance Statement

NMLS #368880 | DRE #01447306

Commitment to Fair Lending & Housing

Bay Arealty — Genesis Loans ("Bay Arealty") is dedicated to conducting business in a fair, ethical, and legally compliant manner. We adhere to all applicable federal and state laws and regulations governing mortgage lending, including but not limited to:

Federal Laws & Regulations

• Equal Credit Opportunity Act (ECOA): We do not discriminate against any applicant on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), receipt of income from a public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
• Fair Housing Act: We strictly prohibit discrimination in all housing-related transactions based on race, color, religion, national origin, sex, familial status, or disability.
• Dodd-Frank Wall Street Reform and Consumer Protection Act: We comply with the consumer protection provisions established under the Dodd-Frank Act, including the rules and guidelines set forth by the Consumer Financial Protection Bureau (CFPB).
• Other Applicable Laws: We comply with all other federal laws and regulations related to mortgage lending, including the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), and the Home Mortgage Disclosure Act (HMDA).

State Laws & Regulations

Bay Arealty — Genesis Loans is fully licensed and operates in compliance with the mortgage lending laws of each state where we conduct business. We actively monitor and adhere to state-specific regulations, including:

• State Licensing Requirements: We maintain all required state licenses and registrations through the Nationwide Multistate Licensing System (NMLS).
• State Consumer Protection Laws: We comply with all state-specific consumer protection statutes that govern mortgage lending practices.
• State Disclosure Requirements: We provide all disclosures required by state law in a timely and transparent manner.
• State Interest Rate & Fee Regulations: We adhere to all state-mandated limits on interest rates, fees, and other loan charges.

Our Practices

• Fair Treatment: We strive to treat all applicants and borrowers fairly and consistently throughout the loan origination process.
• Objective Criteria: We evaluate loan applications based on objective criteria related to creditworthiness, such as income, assets, and debt obligations.
• Transparency: We provide clear and accurate information about our loan products, terms, and conditions.
• Complaint Resolution: We have a robust process in place for addressing any complaints or concerns regarding potential discrimination or unfair lending practices.

Your Rights

If you believe you have been discriminated against in any aspect of a housing-related transaction or lending process, you have the right to file a complaint with:

The Consumer Financial Protection Bureau (CFPB)

• Online: https://www.consumerfinance.gov/complaint/
• Phone: (855) 411-CFPB (2372)
• Mail: Consumer Financial Protection Bureau, P.O. Box 4503, Iowa City, Iowa 52244

The U.S. Department of Housing and Urban Development (HUD)

• Online: https://www.hud.gov/program_offices/fair_housing_equal_opp/online-complaint
• Phone: (800) 669-9777

We Value Your Trust

At Bay Arealty — Genesis Loans, we value your trust and are committed to providing a fair, equitable, and fully compliant lending experience for all. Our dedication to regulatory compliance ensures that your rights as a borrower are always protected.

Specific State Licenses

Bay Arealty — Genesis Loans is primarily licensed in the State of California (DRE #01447306) and serves clients in California and most states nationwide. Our lending operations are conducted in full compliance with the licensing requirements of each state where we are authorized to do business.

Please verify licensing information with the NMLS Consumer Access website: https://www.nmlsconsumeraccess.org.

Disclaimer

Bay Arealty — Genesis Loans, NMLS #368880 | DRE #01447306, located at 1313 N Milpitas Blvd, Suite 235, Milpitas, CA 95035. Phone: +1 408-662-5145. Email: bayarealty.genesisloans@gmail.com. Bay Arealty — Genesis Loans does not provide legal, tax, or financial advice or guidance and is not associated with any government agency. This is not an offer for extension of credit nor a commitment to lend. Programs, rates, terms and conditions subject to change without notice. Certain restrictions may apply. All approvals are subject to underwriting guidelines and minimum credit requirements. Not all loans or products are available in all states. As a result of refinancing, your total finance charges may be higher over the life of the loan. Minimum and maximum loan amounts apply. For current licensure information, please visit: https://www.nmlsconsumeraccess.org.