ARTICLE 2.1. Secure and Fair Enforcement for Mortgage Licenses [10166.01. - 10166.17.]
Article 2.1 added by Stats. 2009, Ch. 160, Sec. 6.
§§ 10166.01–10166.17 · 18 sections
- § 10166.01 For purposes of this article, the following definitions shall apply: (a) “SAFE Act” means the federal Secure and Fair Enforcement for Mortgage Licensing Act of…
- § 10166.02 (a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131, and who makes, arranges, or services loans secured by…
- § 10166.03 (a) A loan processor or underwriter who does not represent to the public, through advertising or other means of communicating or providing information,…
- § 10166.04 (a) In connection with an application to the commissioner for a license endorsement as a mortgage loan originator, every applicant shall furnish to the…
- § 10166.05 Notwithstanding any other provision of law, the commissioner shall not issue a license endorsement to act as a mortgage loan originator to an applicant unless…
- § 10166.051 In addition to any penalties authorized by regulations adopted pursuant to Section 10166.15, the commissioner may do one or more of the following, after…
- § 10166.06 (a) In addition to the requirements of Section 10153, an applicant for a license endorsement as a mortgage loan originator shall complete at least 20 hours of…
- § 10166.07 (a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131, and who makes, arranges, or services one or more…
- § 10166.08 Each mortgage loan originator shall submit reports of condition to the Nationwide Multistate Licensing System and Registry reports of condition, and those…
- § 10166.09 The minimum standards for renewal of an endorsement as a mortgage loan originator shall include the following: (a) The mortgage loan originator continues to…
- § 10166.10 (a) A mortgage loan originator shall complete at least eight hours of continuing education annually, which shall include at least three hours relating to…
- § 10166.11 (a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131 and who makes, arranges, or services loans secured by…
- § 10166.12 (a) As often as the commissioner deems necessary and appropriate, the commissioner shall examine the affairs of each real estate broker who is required to…
- § 10166.13 A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131 and who makes, arranges, or services loans secured by real…
- § 10166.14 A real estate broker shall notify the department when he or she is no longer subject to this part. If a broker has already made reports required by Sections…
- § 10166.15 (a) The commissioner shall regularly report violations of this article, as well as enforcement actions taken against any mortgage loan originator to whom an…
- § 10166.16 (a) Except as otherwise provided in Section 1512 of the SAFE Act, the requirements under any federal or state law regarding the privacy or confidentiality of…
- § 10166.17 In addition to any other duties imposed upon the commissioner by law, the commissioner shall require mortgage loan originators to be licensed and registered…