Cal. Fin. Code § 50125

Current through the 2024 Legislative Session.

Section 50125 - Refusal to issue license

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 compliance with a provision of this division or an order or rule of the commissioner.

(b) The commissioner cannot make the findings specified in subdivision (c) of Section 50121.

(c) A material requirement for issuance of a license has not been met.

Ca. Fin. Code § 50125

Amended by Stats 2009 ch 160 (SB 36),s 55, eff. 10/11/2009.