California Business and Professions Code

§ 10166.01

BPC § 10166.01 Effective Jan 1, 2023Div. 4 · Part 1 · Ch. 3 · Art. 2.1

Statute text

For purposes of this article, the following definitions shall apply:

(a)“SAFE Act” means the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Public Law 110-289).

(b)(1) “Mortgage loan originator” means an individual who takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan for compensation or gain.

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Legislative history

Amended by Stats. 2022, Ch. 511, Sec. 57. (SB 1495) Effective January 1, 2023.