Fin. Code, § 50703 · Chapter 9. Brokerage Services for Borrowers

Fin. Code, § 50703

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

Notwithstanding Section 10248.3 of the Business and Professions Code, the provisions of Article 7 (commencing with Section 10240) of Chapter 3 of Part 1 of Division 4 of the Business and Professions Code shall apply to a residential mortgage loan arranged by a licensee pursuant to this chapter, unless that loan exceeds the principal loan amount specified for a bona fide loan secured directly or collaterally by a first trust deed or a bona fide loan secured directly or collaterally by a lien junior thereto, specified in Section 10245 of the Business and Professions Code.

Notes and commentary — not statutory text

History

Added by Stats. 1996, Ch. 19, Sec. 1. Effective March 20, 1996.

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&sectionNum=50703.
Text hash: sha256 2a272552de78e9e51b9a13c50e385d50ffab0420fa94206c8cb1f3543b5ced94
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Business and Professions Code

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