Section 10235.5 - Disclosure of license number in advertisement for loan(a) A real estate licensee or mortgage loan originator shall not place an advertisement disseminated primarily in this state for a loan unless there is disclosed within the printed text of that advertisement, or the oral text in the case of a radio or television advertisement, the Department of Real Estate number and the unique identifier assigned to that licensee by the Nationwide Multistate Licensing System and Registry under which the loan would be made or arranged.(b) "Mortgage loan originator," "unique identifier," and "Nationwide Multistate Licensing System and Registry" have the meanings set forth in Section 10166.01.Ca. Bus. and Prof. Code § 10235.5
Amended by Stats 2022 ch 511 (SB 1495),s 68, eff. 1/1/2023.Amended by Stats 2021 ch 431 (SB 800),s 23, eff. 1/1/2022.Amended by Stats 2013 ch 352 (AB 1317),s 27, eff. 9/26/2013, op. 7/1/2013.Amended by Stats 2009 ch 160 (SB 36),s 7, eff. 10/11/2009.