California Financial Code

§ 22757

FIN § 22757 Effective Jan 1, 2013Div. 9 · Ch. 4 · Art. 2

Statute text

A finance lender, broker, or mortgage loan originator licensed under this division shall not pay any commission, fee, or other compensation to an unlicensed individual for conducting activities that require a license, unless that unlicensed individual is exempt from licensure pursuant to this division.

Legislative history

Added by Stats. 2012, Ch. 264, Sec. 7. (AB 2666) Effective January 1, 2013.