Disclosure Explanations

An explanation must be provided for each disclosure question that has a Yes response. A separate explanation should be provided for each event resulting in aYes response to a disclosure question.

A single explanation can be associated to multiple Yes responses and each explanation allows a single PDF to be uploaded in support of the explanation. Also, multiple explanations may be provided if multiple events are related to a single question.

You may provide an explanation for a No response only if you answer No to a disclosure question and have information to provide to the regulator to clarify the response.

Companies are required to update their Disclosure Explanations when needed, including adding a new explanation for a new event which may or may not require a change in a Yes or No response.

Required disclosure question changes must be made within thirty days or within the time specified under state law, whichever is shorter

Consult Providing Disclosure Explanations (Company) Disclosure Explanations - Document Uploads (Individual) for additional information.