Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 3 - Commissioner of Financial Protection and InnovationSubchapter 11.5
Article 5 - Borrowers and Advertising
Section 1950.204.3 - Prohibited Advertising

Cal. Code Regs. tit. 10 § 1950.204.3

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Current through Register 2024 Notice Reg. No. 45, November 8, 2024
Section 1950.204.3 - Prohibited Advertising
(a) A residential mortgage lender, mortgage servicer, residential mortgage lender and servicer, or mortgage loan originator shall not advertise that it or any of its officers, employees, or agents are "bonded," "supervised by," "regulated by," "audited by" or "examined by" the State of California or any agency thereof.
(b) A residential mortgage lender, mortgage servicer, residential mortgage lender and servicer, or mortgage loan originator shall refer to its licensure under the Act in any written or printed communication or any communication by means of recorded telephone messages, telephonic or electronic media, or spoken on radio, television or similar communications media, only by the following statement: "Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act."

Cal. Code Regs. Tit. 10, § 1950.204.3

1. New section filed 11-25-96; operative 12-25-96 (Register 96, No. 48).
2. Amendment filed 4-1-2010 as an emergency; operative 7-31-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.
3. Editorial correction of HISTORY 2 (Register 2010, No. 40).
4. Amendment refiled 9-28-2010 as an emergency, including repealer of subsection (c); operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.
5. Amendment refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.
6. Certificate of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed 4-25-2011 (Register 2011, No. 17).
7. Change without regulatory effect amending subsection (b) filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).

Note: Authority cited: Section 50304, Financial Code. Reference: Section 50204, Financial Code.

1. New section filed 11-25-96; operative 12-25-96 (Register 96, No. 48).
2. Amendment filed 4-1-2010 as an emergency; operative 7-31-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.
3. Editorial correction of History 2 (Register 2010, No. 40).
4. Amendment refiled 9-28-2010 as an emergency, including repealer of subsection (c); operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.
5. Amendment refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.
6. Certificate of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed 4-25-2011 (Register 2011, No. 17).
1. New section filed 11-25-96; operative 12-25-96 (Register 96, No. 48).
2. Amendment filed 4-1-2010 as an emergency; operative 7-31-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.
3. Editorial correction of History 2 (Register 2010, No. 40).
4. Amendment refiled 9-28-2010 as an emergency, including repealer of subsection (c); operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.
5. Amendment refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.
6. Certificate of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed 4-25-2011 (Register 2011, No. 17).
7. Change without regulatory effect amending subsection (b) filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).
1. New section filed 11-25-96; operative 12-25-96 (Register 96, No. 48).
2. Amendment filed 4-1-2010 as an emergency; operative 7-31-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.
3. Editorial correction of History 2 (Register 2010, No. 40).
4. Amendment refiled 9-28-2010 as an emergency, including repealer of subsection (c); operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.
5. Amendment refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.
6. Certificate of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed 4-25-2011 (Register 2011, No. 17).
7. Change without regulatory effect amending subsection (b) filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).