ARTICLE 4. Regulations [22150. - 22172.]
Article 4 added by Stats. 1994, Ch. 1115, Sec. 2.
§§ 22150–22172 · 25 sections
- § 22150 The commissioner may make general rules and regulations and specific rulings, demands, and findings for the enforcement of this division, in addition to, and…
- § 22151 (a) A finance lender license, broker license, program administrator license, and the license of every mortgage loan originator employed by a lender or finance…
- § 22152 (a) A finance lender, broker, or program administrator licensee shall maintain only one place of business under a duplicate or original license issued pursuant…
- § 22153 (a) If a finance lender, broker, or program administrator licensee seeks to change its place of business to a street address other than that designated in its…
- § 22154 (a) Subject to Section 22157.1, a licensee shall not conduct the business of making loans or administering a PACE program under this division within any…
- § 22155 Subject to Section 22157.1, a finance lender, broker, mortgage loan originator, or program administrator licensee shall not transact the business licensed or…
- § 22156 (a) Finance lender, broker, program administrator, and mortgage loan originator licensees shall keep and use in their business, books, accounts, and records…
- § 22157 (a) Finance lender, broker, and mortgage loan originator licensees shall preserve their books, accounts, and records, if any, for at least three years after…
- § 22157.1 (a) For purposes of this section: (1) “Encrypted” has the same meaning as provided in paragraph (4) of subdivision (i) of Section 1798.82 of the Civil Code.…
- § 22158 Nothing contained in Sections 22156 and 22157 shall require the maintenance or preservation of original records, provided that any information requested by the…
- § 22159 (a) Each finance lender, broker, and program administrator licensee shall file an annual report with the commissioner, on or before March 15th, giving the…
- § 22159.5 (a) The commissioner may, as the commissioner deems necessary, require licensees to provide reports concerning their residential mortgage loan servicing…
- § 22160 The commissioner shall make and file annually with the Department of Financial Protection and Innovation as a public record a composite of the annual reports…
- § 22161 (a) A person subject to this division shall not do any of the following: (1) Make a materially false or misleading statement or representation to a borrower…
- § 22162 (a) A finance lender, broker, or mortgage loan originator licensee shall not place an advertisement disseminated primarily in this state for a loan unless the…
- § 22163 (a) The commissioner may require that rates of charge, if stated by a licensee, be stated fully and clearly in the manner that the commissioner deems necessary…
- § 22164 (a) If any person engaged in the business regulated by this division refers in any advertising to rates of interest, charges, or cost of loans or assessment…
- § 22165 No advertising copy shall be used after its use has been disapproved by the commissioner and the licensee is notified in writing of the disapproval. The…
- § 22166 The commissioner may require licensees to maintain a file of all advertising copy for a period of two years from the date of its use. The file shall be…
- § 22167 A licensed finance lender may act as a broker as defined in Section 22004 at its licensed place of business without obtaining an additional license as a broker…
- § 22168 (a) The commissioner may, after appropriate notice and opportunity for hearing, suspend for a period not to exceed 12 months or bar a person from any position…
- § 22169 (a) The commissioner may, after appropriate notice and opportunity for hearing, by order, censure or suspend for a period not exceeding 12 months, or bar a…
- § 22170 (a) It is unlawful for any person to knowingly alter, destroy, mutilate, conceal, cover up, falsify, or make a false entry in any record, document, or tangible…
- § 22171 (a) The commissioner shall apply the guidance on nontraditional mortgage product risks published on November 14, 2006, by the Conference of State Bank…
- § 22172 (a) The commissioner may do one or more of the following: (1) Deny, suspend, revoke, condition, or decline to renew a mortgage loan originator license for a…