Which document is used to notify the Department of Real Estate of mortgage loan activity?

The correct document used to notify the Department of Real Estate of mortgage loan activity is Form RE 866. This form is specifically designed for reporting certain mortgage loan activities to the regulatory body overseeing real estate operations in California. Notifying the Department ensures that all mortgage loan activities comply with state regulations and helps maintain an accurate record of transactions for regulatory purposes.

Other forms mentioned serve different purposes. For instance, Form 1099 is typically related to reporting income received, such as interest earned on investments or payments made to independent contractors. Form 4506-T is a request for a transcript of a tax return, which is not utilized for reporting mortgage activities. Form 1040 is an individual income tax return used by taxpayers to report their annual income and calculate their federal tax obligations. Each of these forms has its specific use and is not applicable for notifying the Department of Real Estate about mortgage loan activities.