(a) Finance lender, broker, and mortgage loan originator licensees shall preserve their books, accounts, and records, if any, for at least three years after making the final entry on any loan recorded therein.
(b) Except as otherwise specified by applicable law, program administrator licensees shall preserve their books, accounts, and records for at least three years after the extinguishment of a PACE assessment is recorded therein.
(c) This section shall become operative on January 1, 2019.
(Repealed (in Sec. 53) and added by Stats. 2017, Ch. 475, Sec. 2. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
Last modified: October 25, 2018