California Financial Code

§ 50513

FIN § 50513 Effective Oct 11, 2009Div. 20 · Ch. 7

Statute text

(a)The commissioner may do one or more of the following:

(1)Deny, suspend, revoke, condition, or decline to renew a mortgage loan originator license for a violation of this division, or any rules or regulations adopted thereunder.

(2)Deny, suspend, revoke, condition, or decline to renew a mortgage loan originator license if an applicant or licensee fails at any time to meet the requirements of Section 50141 or 50144, or withholds information or makes a material misstatement in an application for a license or license renewal.

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Legislative history

Added by Stats. 2009, Ch. 160, Sec. 79. (SB 36) Effective October 11, 2009.