California Financial Code ARTICLE 4 - Regulations

  • Section 22150.
    The commissioner may make general rules and regulations and specific rulings, demands, and findings for the enforcement of this division, in addition to, and within...
  • Section 22151.
    (a) A finance lender license, broker license, and the license of every mortgage loan originator employed by a lender or finance broker, along with any currently...
  • Section 22151.a.
    (a) A finance lender license, broker license, program administrator license, and the license of every mortgage loan originator employed by a lender or finance broker, along...
  • Section 22152.
    (a) A finance lender or broker licensee shall maintain only one place of business under a duplicate or original license issued pursuant to Section 22101 or...
  • Section 22152.a.
    (a) A finance lender, broker, or program administrator licensee shall maintain only one place of business under a duplicate or original license issued pursuant to Section...
  • Section 22153.
    (a) If a finance lender or broker licensee seeks to change its place of business to a street address other than that designated in its license,...
  • Section 22153.a.
    (a) If a finance lender, broker, or program administrator licensee seeks to change its place of business to a street address other than that designated in...
  • Section 22154.
    (a) A licensee shall not conduct the business of making loans under this division within any office, room, or place of business in which any other...
  • Section 22154.a.
    (a) A licensee shall not conduct the business of making loans or administering a PACE program under this division within any office, room, or place of...
  • Section 22155.
    (a) A finance lender, broker, or mortgage loan originator licensee shall not transact the business licensed or make any loan provided for by this division under...
  • Section 22155.a.
    (a) A finance lender, broker, mortgage loan originator, or program administrator licensee shall not transact the business licensed or make any loan or administer any PACE...
  • Section 22156.
    (a) Finance lender, broker, and mortgage loan originator licensees shall keep and use in their business, books, accounts, and records which will enable the commissioner to...
  • Section 22156.a.
    (a) Finance lender, broker, program administrator, and mortgage loan originator licensees shall keep and use in their business, books, accounts, and records which will enable the...
  • Section 22157.
    (a) Finance lender, broker, and mortgage loan originator licensees shall preserve their books, accounts, and records, including cards used in the card system, if any, for...
  • Section 22157.a.
    (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...
  • Section 22158.
    Nothing contained in Sections 22156 and 22157 shall require the maintenance or preservation of original records, provided that any information requested by the commissioner can...
  • Section 22159.
    (a) Each finance lender and broker licensee shall file an annual report with the commissioner, on or before the 15th day of March, giving the relevant...
  • Section 22159.a.
    (a) Each finance lender, broker, and program administrator licensee shall file an annual report with the commissioner, on or before March 15th, giving the relevant information...
  • Section 22159.5.
    (a) The commissioner may, as he or she deems necessary, require licensees to provide reports concerning their residential mortgage loan servicing activities, including, but not limited...
  • Section 22160.
    The commissioner shall make and file annually with the Department of Business Oversight as a public record a composite of the annual reports and any...
  • Section 22161.
    (a) A person subject to this division shall not do any of the following:(1) Make a materially false or misleading statement or representation to a borrower about...
  • Section 22161.a.
    (a) A person subject to this division shall not do any of the following:(1) Make a materially false or misleading statement or representation to a borrower about...
  • Section 22162.
    (a) A licensee shall not place an advertisement disseminated primarily in this state for a loan unless the licensee discloses in the printed text of the...
  • Section 22162.a.
    (a) A finance lender, broker, or mortgage loan originator licensee shall not place an advertisement disseminated primarily in this state for a loan unless the licensee...
  • Section 22163.
    (a) The commissioner may require that rates of charge, if stated by a licensee, be stated fully and clearly in the manner that the commissioner deems...
  • Section 22163.a.
    (a) The commissioner may require that rates of charge, if stated by a licensee, be stated fully and clearly in the manner that the commissioner deems...
  • Section 22164.
    (a) If any person engaged in the business regulated by this division refers in any advertising to rates of interest, charges, or cost of loans, the...
  • Section 22164.a.
    (a) If any person engaged in the business regulated by this division refers in any advertising to rates of interest, charges, or cost of loans or...
  • Section 22165.
    No advertising copy shall be used after its use has been disapproved by the commissioner and the licensee is notified in writing of the disapproval....
  • Section 22166.
    The commissioner may require licensees to maintain a file of all advertising copy for a period of two years from the date of its use....
  • Section 22167.
    A licensed finance lender may act as a broker as defined in Section 22004 at its licensed place of business without obtaining an additional license...
  • Section 22168.
    (a) The commissioner may, after appropriate notice and opportunity for hearing, suspend for a period not to exceed 12 months or bar a person from any...
  • Section 22168.a.
    (a) The commissioner may, after appropriate notice and opportunity for hearing, suspend for a period not to exceed 12 months or bar a person from any...
  • Section 22169.
    (a) The commissioner may, after appropriate notice and opportunity for hearing, by order, censure or suspend for a period not exceeding 12 months, or bar a...
  • Section 22169.a.
    (a) The commissioner may, after appropriate notice and opportunity for hearing, by order, censure or suspend for a period not exceeding 12 months, or bar a...
  • Section 22170.
    (a) It is unlawful for any person to knowingly alter, destroy, mutilate, conceal, cover up, falsify, or make a false entry in any record, document, or...
  • Section 22171.
    (a) The commissioner shall apply the guidance on nontraditional mortgage product risks published on November 14, 2006, by the Conference of State Bank Supervisors and the...
  • Section 22172.
    (a) The commissioner may do one or more of the following:(1) Deny, suspend, revoke, condition, or decline to renew a mortgage loan originator license for a violation...

Last modified: October 22, 2018