ARTICLE 3. Licensing [22100. - 22112.]
Article 3 added by Stats. 1994, Ch. 1115, Sec. 2.
§§ 22100–22112 · 25 sections
- § 22100 (a) No person shall engage in the business of a finance lender or broker without obtaining a license from the commissioner. (b) Every licensee engaging in the…
- § 22100.5 (a) A person shall not engage in the business of a program administrator without obtaining a license from the commissioner. (b) This section shall become…
- § 22101 (a) An application for a license as a finance lender, broker, or program administrator under this division shall be in the form and contain the information…
- § 22101.5 (a) The commissioner shall submit to the Department of Justice fingerprint images and related information required by the Department of Justice of all finance…
- § 22102 (a) A finance lender, broker, or program administrator licensee seeking to engage in business at a new location shall submit an application for a branch office…
- § 22103 (a) At the time of filing the application for a finance lender, broker, program administrator, or branch office license, the applicant shall pay to the…
- § 22104 (a) The applicant shall file with the application for a finance lender, broker, or program administrator license financial statements prepared in accordance…
- § 22105 (a) Upon the filing of an application pursuant to Section 22101 and the payment of the fees, the commissioner shall investigate the applicant and its general…
- § 22105.1 (a) An applicant for a mortgage loan originator license shall apply by submitting the uniform form prescribed for such purpose by the Nationwide Mortgage…
- § 22105.2 (a) The commissioner is authorized to establish relationships or contracts with the Nationwide Mortgage Licensing System and Registry or other entities…
- § 22105.3 (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…
- § 22105.4 The commissioner shall regularly report violations of this division, as well as enforcement actions and other relevant information, to the Nationwide Mortgage…
- § 22106 (a) The finance lender, broker, or program administrator license shall state the name of the licensee, and if the licensee is a partnership, the names of its…
- § 22107 (a) Each finance lender, broker, or program administrator licensee shall pay to the commissioner its pro rata share of all costs and expenses, including the…
- § 22108 (a) The commissioner may by rule require licensees to file, at the times that he or she may specify, the information that he or she may reasonably require…
- § 22109 (a) Upon reasonable notice and opportunity to be heard, the commissioner may deny the application for a finance lender, broker, or program administrator…
- § 22109.1 (a) The commissioner shall deny an application for a mortgage loan originator license unless the commissioner makes, at a minimum, the following findings: (1)…
- § 22109.2 (a) An applicant for a mortgage loan originator license shall complete at least 20 hours of education approved in accordance with subdivision (b). The…
- § 22109.3 (a) An applicant for a mortgage loan originator license shall pass a qualified written test developed or otherwise deemed acceptable by the Nationwide Mortgage…
- § 22109.4 (a) A mortgage loan originator shall comply with the requirements of this section on or before December 31 of every year. (b) The minimum standards for license…
- § 22109.5 (a) A licensed mortgage loan originator shall complete at least eight hours of continuing education approved in accordance with subdivision (b). The continuing…
- § 22109.6 In addition to any other duties imposed upon the commissioner by law, the commissioner shall require mortgage loan originators to be licensed and registered…
- § 22110 The proceedings for a denial of a license shall be conducted in accordance with Chapter 5 (commencing with Section 11500) of Part 1 of Division 3 of Title 2 of…
- § 22111 All money paid or collected under this division shall be deposited in the State Treasury to the credit of the State Corporations Fund. The administration of…
- § 22112 (a) A licensee shall maintain a surety bond in accordance with this subdivision in a minimum amount of twenty-five thousand dollars ($25,000). The bond shall…