Form 1003 PDF Details

Navigating the intricacies of applying for a residential loan requires attention to detail, particularly when the applicants are not married but are domestic partners living together in California. In such instances, the FNMA 1003: URLA Addendum - Domestic Partnership CALIFORNIA plays a pivotal role. This addendum complements the Uniform Residential Loan Application (URLA), tailored specifically for situations where the applicants are engaged in a Registered Domestic Partnership. It becomes applicable when joint applications are submitted by partners who, while not married, share a domestic life together. California's acknowledgment of domestic partnerships, especially following AB 205 - the California Domestic Partner Rights and Responsibilities Act of 2003, effective from January 1, 2005, elevates the significance of this addendum. It ensures that domestic partners enjoy the same legal rights, protections, benefits, and obligations as married couples in the context of property acquired during their partnership. The inclusion of community property rights, management, and control, alongside the requirement for both partners to sign the security instrument, underscores the state's commitment to equality and fairness in domestic partnerships. This detailed provision forms the essence of the 1003 form, highlighting the nuanced approach taken to accommodate and recognize diverse partnership arrangements in the realm of residential lending.

QuestionAnswer
Form NameForm 1003
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namescalifornia addendum to loan application domestic partnership, addendum to 1003 domestic partnership ellie may, when is a 1003 domestic partner addendum required, ca domestic partnership addendum to urla form

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FNMA 1003: URLA Addendum - Domestic Partnership

CALIFORNIA

Overview

This Addendum to the Uniform Residential Loan Application (URLA) is to be provided to the borrower when a joint application is received and the applicants are not married but are living together as domestic partners.

 

 

 

 

 

 

 

Date:

 

 

 

 

 

 

GENERAL INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lender Name:

 

 

 

 

 

Loan #:

 

 

 

 

 

 

 

 

 

 

 

Case #:

 

 

 

Borrower Name(s):

 

 

 

 

 

 

 

 

 

 

Property Address:

 

 

 

 

 

 

 

 

 

 

City:

 

 

State:

 

 

Zip Code:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BORROWER

 

 

 

 

 

 

Are you in a Registered Domestic Partnership with a person of the same gender?

Yes

No

 

Are you in a Registered Domestic Partnership with a person of the opposite gender

and one or both of you is over the age of 62?

Yes

No

 

 

 

CO-BORROWER

 

 

Are you in a Registered Domestic Partnership with a person of the same gender?

Yes

No

Are you in a Registered Domestic Partnership with a person of the opposite gender

and one or both of you is over the age of 62?

Yes

No

 

 

 

ACKNOWLEDGMENT

 

 

This Addendum has been prepared in response to AB 205, the California Domestic Partner Rights and Responsibilities Act of 2003, effective January 1, 2005, which grants the same rights, protections and benefits

to, and imposes the same responsibilities, obligations and duties on, persons who have registered as domestic partners as persons who are “spouses” under California law. As a result, all property acquired during a

Registered Domestic Partnership, except property acquired by gift or inheritance, is presumed to be community property, and each registered domestic partner has equal management and control over such property.

Lender may require registered domestic partners to sign the security instrument to ensure the enforceability of the security instrument.

Borrower Signature:

 

Date:

Co-Borrower Signature:

 

Date:

Interbank Mortgage Company | 333 Knightsbridge Parkway, STE 210 Lincolnshire, IL 60069 | www.interbankwholesale.com

WHOLESALE | FNMA 1003: URLA Addendum – Domestic Partnership - CA (REV122211JC)

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