{"code":"FIN","codeName":"Financial Code","section":"50703","citation":"Fin. Code, § 50703","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 9. Brokerage Services for Borrowers [50700. - 50706.]","url":"https://blackletter.si/financial-code/division-20/chapter-9"}],"history":"Added by Stats. 1996, Ch. 19, Sec. 1.   Effective March 20, 1996.","effective":"1996-03-20","html":"<p>Notwithstanding Section <a href=\"/bpc/10248.3\">10248.3</a> of the Business and Professions Code, the provisions of Article 7 (commencing with Section 10240) of Chapter 3 of Part 1 of Division 4 of the Business and Professions Code shall apply to a residential mortgage loan arranged by a licensee pursuant to this chapter, unless that loan exceeds the principal loan amount specified for a bona fide loan secured directly or collaterally by a first trust deed or a bona fide loan secured directly or collaterally by a lien junior thereto, specified in Section <a href=\"/bpc/10245\">10245</a> of the Business and Professions Code.</p>","text":"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 Division 4 of the Business and Professions Code shall apply to a residential mortgage loan arranged by a licensee pursuant to this chapter, unless that loan exceeds the principal loan amount specified for a bona fide loan secured directly or collaterally by a first trust deed or a bona fide loan secured directly or collaterally by a lien junior thereto, specified in Section 10245 of the Business and Professions Code.","otherVersions":[],"url":"https://blackletter.si/financial-code/brokerage-services-for-borrowers-50703","source":"California Legislative Information bulk export (pubinfo)"}