California Financial Code CHAPTER 2 - Licensing: Residential Mortgage Lender

  • Section 50120.
    (a) A residential mortgage lender shall file an application for licensure under this chapter with the commissioner to make or service residential mortgage loans in this...
  • Section 50121.
    The commissioner shall issue a residential mortgage lender license upon the satisfaction of all of the following:(a) The filing with the commissioner of a complete and...
  • Section 50122.
    (a) Except as provided in Section 50120, the information provided on an application for a residential mortgage lender, residential mortgage servicer, or residential mortgage lender and...
  • Section 50123.
    (a) A residential mortgage lender license shall remain in effect until suspended, surrendered, or revoked.(b) A residential mortgage lender licensee that ceases to engage in the business...
  • Section 50124.
    (a) A residential mortgage lender or servicer shall do all of the following:(1) Maintain staff adequate to meet the requirements of this division, as prescribed by rule...
  • Section 50125.
    The commissioner may refuse to issue a residential mortgage lender or servicer license if any of the following apply:(a) The applicant is not in material compliance...
  • Section 50126.
    (a) Upon reasonable notice and opportunity to be heard, the commissioner may deny an application for any of the following reasons:(1) A false statement of a material...
  • Section 50127.
    The proceedings for a denial of a license shall be conducted in accordance with Chapter 5 (commencing with Section 11500) of Part 1 of Division...
  • Section 50128.
    As used in this act, the term “principal officer” means an officer with direct responsibility for the conduct of the residential mortgage lender or servicer...
  • Section 50129.
    (a) A residential mortgage lender or servicer licensed under this chapter may, under the authority of that license and subject to the provisions of this division,...

Last modified: October 22, 2018