BlackletterCalifornia law

Financial Code § 50125

CHAPTER 2. Licensing: Residential Mortgage Lender

Current as of September 28, 2026Fin. Code, § 50125Official source ↗

Amended by Stats. 2009, Ch. 160, Sec. 55. (SB 36) Effective October 11, 2009.

The commissioner may refuse to issue a residential mortgage lender or servicer license if any of the following apply:

(a) The applicant is not in material compliance with a provision of this division or an order or rule of the commissioner.

(b) The commissioner cannot make the findings specified in subdivision (c) of Section 50121.

(c) A material requirement for issuance of a license has not been met.