An advisory has been issued by the California Bureau of Real Estate (BRE) with regard to the issuance of the Mortgage Loan Disclosure Statement (MLDS) per California Business & Professions Code 10241, and its relation to the TILA-RESPA Integrated Disclosure (TRID) rule (effective October 3, 2015). The MLDS is required when the mortgage broker is arranging a loan on any type of real property. The advisory describes the different variations of the MLDS that a broker may use. Effective October 3, 2015, a Loan Estimate that is compliant with the TRID rule will meet the requirements of the MLDS as long as the borrowers sign the Loan Estimate and are provided with a separate disclosure with the Loan Estimate. The separate disclosure must include a statement that the Loan Estimate does not constitute a loan commitment and that the borrower may check the license status of the broker/loan officer by contacting the BRE.