BlackletterCalifornia law

Financial Code § 22317.5

ARTICLE 3. Loan Regulations

Current as of September 28, 2026Fin. Code, § 22317.5Official source ↗

Added by Stats. 2004, Ch. 940, Sec. 4. Effective January 1, 2005.

On any loan secured by real property, a licensee may not do either of the following:

(a) Fail to disburse funds in accordance with a commitment to make a loan that is accepted by the applicant.

(b) Intentionally delay the closing of a loan for the sole purpose of increasing interest, costs, fees, or charges payable by the borrower.