![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
birdwatcherLOS ANGELES (Reuters) - Public Counsel filed suit on Friday against Lifetime Financial, a Los Angeles mortgage broker, on behalf of Jose Moreno, a Spanish-speaking borrower who says he ended up with an adjustable mortgage and thousands of dollars in fees he didn't expect after he signed loan documents in English.
Although California law mandates that mortgage disclosures be provided in five languages other than English, if needed, it applies only to brokers who operate under real estate licenses, according to a state Department of Real Estate spokesman.
Those five languages -- Spanish, Chinese, Tagalog, Vietnamese and Korean -- are spoken by 83 percent of the 12 million Californians who don't speak English in their homes.
Although California law mandates that mortgage disclosures be provided in five languages other than English, if needed, it applies only to brokers who operate under real estate licenses, according to a state Department of Real Estate spokesman.
Those five languages -- Spanish, Chinese, Tagalog, Vietnamese and Korean -- are spoken by 83 percent of the 12 million Californians who don't speak English in their homes.
