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