Fin. Code, § 50125 · Chapter 2. Licensing: Residential Mortgage Lender
Fin. Code, § 50125
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The commissioner may refuse to issue a residential mortgage lender or servicer license if any of the following apply:
(a) The applicant is not in material compliance with a provision of this division or an order or rule of the commissioner.
(b) The commissioner cannot make the findings specified in subdivision (c) of Section 50121.
(c) A material requirement for issuance of a license has not been met.
Notes and commentary — not statutory text
History
Amended by Stats. 2009, Ch. 160, Sec. 55. (SB 36) Effective October 11, 2009.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=50125.
- Text hash
- sha256 36826d2228b8a24f3c43aa77c5370e524c0de1c506753077b991c6d4340df1b3
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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