California Financial Code

§ 22065

FIN § 22065 Effective Jan 1, 2013Div. 9 · Ch. 1 · Art. 2

Statute text

(a)Persons not subject to this division may apply to the commissioner for an exempt company registration for the purpose of sponsoring one or more individuals required to be licensed as mortgage loan originators pursuant to the federal SAFE Act.

(b)An exempt person applying under the exempt company registration procedure shall comply with all rules and orders that the commissioner deems necessary to ensure compliance with the federal SAFE Act and shall pay an annual registration fee established by the commissioner.

(c)(1) A mortgage loan originator who is an insurance producer eligible for licensure pursuant to this section shall meet all of the following requirements:

…

Legislative history

Amended by Stats. 2012, Ch. 264, Sec. 3. (AB 2666) Effective January 1, 2013.