California Business and Professions Code

§ 10238

BPC § 10238 Effective Jan 1, 2019Div. 4 · Part 1 · Ch. 3 · Art. 6

Statute text

(a)A notice in the following form and containing the following information shall be filed with the commissioner within 30 days after the first transaction and within 30 days of any material change in the information required in the notice: TO: Real Estate Commissioner Mortgage Loan Section 1651 Exposition Boulevard Sacramento, CA 95815 This notice is filed pursuant to Sections 10237 and 10238 of the Business and Professions Code. ( ) Original Notice( ) Amended Notice 1. Name of the Broker conducting transaction under Section 10237: 2. Broker license identification number: 3. List the month the fiscal year ends: 4. Broker’s telephone number: 5. Firm name (if different from “1”): 6. Street address (main location): # and StreetCityStateZIP Code 7. Mailing address (if different from “6”): 8. Servicing agent: Identify by name, address, and telephone number the person or entity who will act as the servicing agent in transactions pursuant to Section 10237 (including the undersigned Broker if that is the case): 9. Total number of multilender notes arranged: 10. Total number of interests sold to investors on the multilender’s notes: ______ 11. Inspection of trust account (before answering this question, review the provisions of paragraph (3) of subdivision (k) of Section 10238). CHECK ONLY ONE OF THE FOLLOWING: ( ) The undersigned Broker is (or expects to be) required to file reports of inspection of its trust account(s) with the Real Estate Commissioner pursuant to paragraph (3) of subdivision (k) of Section 10238. Amount of Multilender Payments Collected Last Fiscal Quarter: Total Number of Investors Due Payments Last Fiscal Quarter: ( ) The undersigned Broker is NOT (or does NOT expect to be) required to file reports of inspection of its trust account(s) with the Real Estate Commissioner pursuant to paragraph (3) of subdivision (k) of Section 10238. 12. Signature. The contents of this notice are true and correct. Date Type Name of Broker Signature of Broker or of Designated Officer of Corporate Broker Type Name of Person(s) Signing This Notice NOTE: AN AMENDED NOTICE MUST BE FILED BY THE BROKER WITHIN 30 DAYS OF ANY MATERIAL CHANGE IN THE INFORMATION REQUIRED TO BE SET FORTH HEREIN.

…

Legislative history

Amended by Stats. 2018, Ch. 285, Sec. 50. (AB 2884) Effective January 1, 2019.