California Business and Professions Code

§ 10241.3

BPC § 10241.3Div. 4 · Part 1 · Ch. 3 · Art. 7

Statute text

In any loan transaction in which a fee is charged to a borrower for an appraisal of the real property that will serve as security for the loan, a copy of the appraisal report shall be given by or on behalf of the broker to both the borrower and the lender at or before the closing of the loan transaction.

Legislative history

Added by Stats. 1984, Ch. 828, Sec. 1.