California Business and Professions Code ARTICLE 2.1 - Secure and Fair Enforcement for Mortgage Licenses

• Section 10166.01.
  For purposes of this article, the following definitions shall apply:(a) “SAFE Act” means the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Public...
• Section 10166.02.
  (a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131, and who makes, arranges, or services loans...
• Section 10166.03.
  (a) A loan processor or underwriter who does not represent to the public, through advertising or other means of communicating or providing information, including the use...
• Section 10166.04.
  (a) In connection with an application to the commissioner for a license endorsement as a mortgage loan originator, every applicant shall furnish to the Nationwide Mortgage...
• Section 10166.05.
  Notwithstanding any other provision of law, the commissioner shall not issue a license endorsement to act as a mortgage loan originator to an applicant unless...
• Section 10166.051.
  In addition to any penalties authorized by regulations adopted pursuant to Section 10166.15, the commissioner may do one or more of the following, after appropriate...
• Section 10166.06.
  (a) In addition to the requirements of Section 10153, an applicant for a license endorsement as a mortgage loan originator shall complete at least 20 hours...
• Section 10166.07.
  (a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131, and who makes, arranges, or services one...
• Section 10166.08.
  Each mortgage loan originator shall submit reports of condition to the Nationwide Mortgage Licensing System and Registry reports of condition, and those reports shall be...
• Section 10166.09.
  The minimum standards for renewal of an endorsement as a mortgage loan originator shall include the following:(a) The mortgage loan originator continues to meet the minimum...
• Section 10166.10.
  (a) A mortgage loan originator shall complete at least eight hours of continuing education annually, which shall include at least three hours relating to federal law...
• Section 10166.11.
  (a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131 and who makes, arranges, or services loans...
• Section 10166.12.
  (a) As often as the commissioner deems necessary and appropriate, the commissioner shall examine the affairs of each real estate broker who is required to notify...
• Section 10166.13.
  A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131 and who makes, arranges, or services loans...
• Section 10166.14.
  A real estate broker shall notify the department when he or she is no longer subject to this part. If a broker has already made...
• Section 10166.15.
  (a) The commissioner shall regularly report violations of this article, as well as enforcement actions taken against any mortgage loan originator to whom an endorsement has...
• Section 10166.16.
  (a) Except as otherwise provided in Section 1512 of the SAFE Act, the requirements under any federal or state law regarding the privacy or confidentiality of...
• Section 10166.17.
  In addition to any other duties imposed upon the commissioner by law, the commissioner shall require mortgage loan originators to be licensed and registered through...

Last modified: October 22, 2018