Is California a mandatory disclosure state? As a broad rule, all sellers of residential real estate property containing one to four units in California must complete and provide written disclosures to the prospective buyers.
What is financial disclosure in divorce California? WHAT IS FINANCIAL DISCLOSURE? In divorce, legal separation and nullity cases, California law (Family Code §2103) requires the parties to provide information to each other about their income and expenses, as well as their debts (even if you do not have any!). This is called financial disclosure.
How do I file a financial disclosure in California?
- Income & Expense Declaration (FL-150)
- Schedule of Assets and Debts (FL-142) *Uncontested Divorce Only.
- Declaration of Disclosure (FL-140)
- Declaration Regarding Service of Declaration of Disclosure and Income.
Do you have to show bank statements in divorce California? Do Bank Statements Have to be Disclosed in CA Divorce? Under California law, each spouse is required to file a full financial disclosure report at the time of the divorce proceeding. This may include disclosure of bank statements and other assets.