{"code":"FIN","codeName":"Financial Code","section":"50511","citation":"Fin. Code, § 50511","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. 2006, Ch. 201, Sec. 2.   Effective January 1, 2007.","effective":"2007-01-01","html":"<p>The commissioner may, subject to the requirements of subdivisions (b), (c), and (d) of Section <a href=\"/fin/50318\">50318</a>, suspend for a period not to exceed 12 months or bar a person from any position of employment with a licensee if the commissioner finds that the person has willfully used or claimed without authority a designation or certification of special education, practice, or skill that the person has not attained, or willfully held out to the public a confusingly similar designation or certification for the purpose of misleading the public regarding his or her qualifications or experience.</p>","text":"The commissioner may, subject to the requirements of subdivisions (b), (c), and (d) of Section 50318, suspend for a period not to exceed 12 months or bar a person from any position of employment with a licensee if the commissioner finds that the person has willfully used or claimed without authority a designation or certification of special education, practice, or skill that the person has not attained, or willfully held out to the public a confusingly similar designation or certification for the purpose of misleading the public regarding his or her qualifications or experience.","otherVersions":[],"url":"https://blackletter.si/financial-code/prohibited-practices-and-penalties-50511","source":"California Legislative Information bulk export (pubinfo)"}