California Financial Code CHAPTER 9 - Brokerage Services for Borrowers

• Section 50700.
  (a) A residential mortgage lender, or a person or employee acting under the authority of a residential mortgage lender’s license, including a mortgage loan originator, shall...
• Section 50701.
  (a) As soon as practical after a borrower requests that the residential mortgage lender licensee arrange a loan to be made by another institutional lender, and...
• Section 50702.
  (a) The annual report required by Section 50401(a) shall include both of the following:(1) The number and the aggregate principal amount of closed residential mortgage loans secured...
• Section 50703.
  Notwithstanding Section 10248.3 of the Business and Professions Code, the provisions of Article 7 (commencing with Section 10240) of Chapter 3 of Part 1 of...
• Section 50706.
  (a) Except as provided in subdivision (b), the commissioner has primary regulatory jurisdiction over all transactions in which a licensed residential mortgage lender provides brokerage services,...

Last modified: October 22, 2018