California Business and Professions Code

§ 10166.051

BPC § 10166.051 Effective Jan 1, 2011Div. 4 · Part 1 · Ch. 3 · Art. 2.1

Statute text

In addition to any penalties authorized by regulations adopted pursuant to Section 10166.15, the commissioner may do one or more of the following, after appropriate notice and opportunity for hearing:

(a)Deny, suspend, revoke, restrict, or decline to renew a mortgage loan originator license endorsement for a violation of this article, or any rules or regulations adopted hereunder.

(b)Deny, suspend, revoke, condition, or decline to renew a mortgage loan originator license endorsement, if an applicant or endorsement holder fails at any time to meet the requirements of Section 10166.05 or 10166.09, or withholds information or makes a material misstatement in an application for a license endorsement or license endorsement renewal.

…

Legislative history

Added by Stats. 2010, Ch. 287, Sec. 5. (SB 1137) Effective January 1, 2011.