California Business and Professions Code

§ 10166.17

BPC § 10166.17 Effective Jan 1, 2023Div. 4 · Part 1 · Ch. 3 · Art. 2.1

Statute text

In addition to any other duties imposed upon the commissioner by law, the commissioner shall require mortgage loan originators to be licensed and registered through the Nationwide Multistate Licensing System and Registry. In order to carry out this requirement the commissioner is authorized to participate in the Nationwide Multistate Licensing System and Registry. For this purpose, the commissioner may establish by rule, regulation, or order, requirements as necessary, including, but not limited to, the following:

(a)Background checks for the following:

(1)Criminal history through fingerprint or other databases.

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Legislative history

Amended by Stats. 2022, Ch. 511, Sec. 67. (SB 1495) Effective January 1, 2023.