{"code":"FIN","codeName":"Financial Code","section":"50125","citation":"Fin. Code, § 50125","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT [50000. - 50706.]","url":"https://blackletter.si/financial-code/division-20"},{"name":"CHAPTER 2. Licensing: Residential Mortgage Lender [50120. - 50129.]","url":"https://blackletter.si/financial-code/division-20/chapter-2"}],"history":"Amended by Stats. 2009, Ch. 160, Sec. 55.   (SB 36)   Effective October 11, 2009.","effective":"2009-10-11","html":"<p>The commissioner may refuse to issue a residential mortgage lender or servicer license if any of the following apply:</p><p>(a) The applicant is not in material compliance with a provision of this division or an order or rule of the commissioner.</p><p>(b) The commissioner cannot make the findings specified in subdivision (c) of Section <a href=\"/fin/50121\">50121</a>.</p><p>(c) A material requirement for issuance of a license has not been met.</p>","text":"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 with a provision of this division or an order or rule of the commissioner. (b) The commissioner cannot make the findings specified in subdivision (c) of Section 50121. (c) A material requirement for issuance of a license has not been met.","otherVersions":[],"url":"https://blackletter.si/financial-code/licensing-residential-mortgage-lender-50125","source":"California Legislative Information bulk export (pubinfo)"}