California Financial Code
§ 50325
FIN § 50325 Effective Oct 11, 2009Div. 20 · Ch. 5
Statute text
View on leginfo.ca.govThe commissioner may immediately revoke the residential mortgage lender’s, residential mortgage loan servicer’s, or mortgage loan originator’s license if the licensee fails to comply with any order issued under Section 50318, 50319, 50321, 50322, or 50503. The commissioner shall not revoke the license if, within 10 days from the effective date of the revocation order, the licensee secures a court order restraining the enforcement of the commissioner’s revocation order.
Legislative history
Amended by Stats. 2009, Ch. 160, Sec. 76. (SB 36) Effective October 11, 2009.