CHAPTER 2. Licensing: Residential Mortgage Lender [50120. - 50129.]
Chapter 2 added by Stats. 1994, Ch. 994, Sec. 7.
§§ 50120–50129 · 10 sections
- § 50120 (a) A residential mortgage lender shall file an application for licensure under this chapter with the commissioner to make or service residential mortgage…
- § 50121 The commissioner shall issue a residential mortgage lender license upon the satisfaction of all of the following: (a) The filing with the commissioner of a…
- § 50122 (a) Except as provided in Section 50120, the information provided on an application for a residential mortgage lender, residential mortgage servicer, or…
- § 50123 (a) A residential mortgage lender license shall remain in effect until suspended, surrendered, or revoked. (b) A residential mortgage lender licensee that…
- § 50124 (a) A residential mortgage lender or servicer shall do all of the following: (1) Maintain staff adequate to meet the requirements of this division, as…
- § 50125 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…
- § 50126 (a) Upon reasonable notice and opportunity to be heard, the commissioner may deny an application for any of the following reasons: (1) A false statement of a…
- § 50127 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…
- § 50128 As used in this act, the term “principal officer” means an officer with direct responsibility for the conduct of the residential mortgage lender or servicer…
- § 50129 (a) A residential mortgage lender or servicer licensed under this chapter may, under the authority of that license and subject to the provisions of this…