Financial Code § 22757

ARTICLE 2. Consumer Loan Penalties

Current as of September 28, 2026Fin. Code, § 22757Official source ↗

Added by Stats. 2012, Ch. 264, Sec. 7. (AB 2666) Effective January 1, 2013.

A finance lender, broker, or mortgage loan originator licensed under this division shall not pay any commission, fee, or other compensation to an unlicensed individual for conducting activities that require a license, unless that unlicensed individual is exempt from licensure pursuant to this division.