{"code":"FIN","codeName":"Financial Code","section":"50502","citation":"Fin. Code, § 50502","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 7. Prohibited Practices and Penalties [50500. - 50513.]","url":"https://blackletter.si/financial-code/division-20/chapter-7"}],"history":"Added by Stats. 1994, Ch. 994, Sec. 7.   Effective January 1, 1995.   Section operative January 1, 1996, pursuant to Section 50601 (later repealed).","effective":"1995-01-01","html":"<p>It is a violation of this division for any person to make any untrue statement of a material fact in any document filed with the commissioner under this division or rules adopted thereunder, or to omit any material fact which is required to be stated in any document.</p>","text":"It is a violation of this division for any person to make any untrue statement of a material fact in any document filed with the commissioner under this division or rules adopted thereunder, or to omit any material fact which is required to be stated in any document.","otherVersions":[],"url":"https://blackletter.si/financial-code/prohibited-practices-and-penalties-50502","source":"California Legislative Information bulk export (pubinfo)"}