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Financial Code - FIN - FIN § 50400

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50400

The commissioner has the authority to levy assessments for the support of this part as provided for in this chapter.

Financial Code - FIN - FIN § 50401

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50401

(a) In addition to other fees and reimbursements required to be paid under this division, each residential mortgage lender or servicer licensee shall pay to the commissioner an amount equal to the lesser of: (1) its pro rata share of all costs and expenses (including overhead and

Financial Code - FIN - FIN § 50402

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50402

Notwithstanding subdivision (a) of Section 50401, if the commissioner determines that the charges and assessments set forth in this division for any year are in excess of the amount necessary, or are insufficient, to meet the expenses of administration of this division for that y

Financial Code - FIN - FIN § 505

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 505

The commissioner, a deputy commissioner, and every examiner assigned to an examination may administer an oath to any person whose testimony is required for the purposes of any examination authorized by this division and may by issuance of subpoena compel the appearance of any per

Financial Code - FIN - FIN § 50500

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50500

Any person who willfully violates any provision of this division, or any rule or order under this division, shall, upon conviction, be subject to a fine of not more than ten thousand dollars ($10,000) or imprisonment pursuant to subdivision (h) of Section 1170 of the Penal Code,

Financial Code - FIN - FIN § 50501

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50501

(a) Any person who violates a provision of this division, or any rule or order under this division, shall be liable for a civil penalty not to exceed two thousand five hundred dollars ($2,500) for each violation. This penalty shall be assessed and recovered in a civil action brou

Financial Code - FIN - FIN § 50501.5

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50501.5

(a) If, upon inspection, examination, or investigation, the commissioner has cause to believe that a licensee or person is violating or has violated any provision of this division or any rule or order thereunder, the commissioner or his or her designee may issue a citation to tha

Financial Code - FIN - FIN § 50502

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50502

It is a violation of this division for any person to make any untrue statement of a material fact in any document filed with the commissioner under this division or rules adopted thereunder, or to omit any material fact which is required to be stated in any document.

Financial Code - FIN - FIN § 50503

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50503

(a) It is a violation for any person subject to this law or any director, partner, shareholder controlling an ownership interest of 10 percent or more, trustee, officer, agent, or employee of any such person to do any of the following: (1) Knowingly or recklessly disburse or caus

Financial Code - FIN - FIN § 50504

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50504

(a) If an amount other than or in excess of the charges permitted by this division is willfully charged, contracted for, or received, in addition to any other penalties or remedies, the commissioner may order the licensee to refund to all borrowers charged the excess amount, the

Financial Code - FIN - FIN § 50505

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50505

Any person who violates any provision of any of the following federal acts or regulations violates this division: (a) The federal Real Estate Settlement Procedures Act, as amended (12 U.S.C. Sec. 2601 et seq.). (b) The federal Truth in Lending Act, as amended (15 U.S.C. Sec. 1601

Financial Code - FIN - FIN § 50506

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50506

Any director, officer, partner, trustee, or employee of a licensee, its holding company, or its affiliates who knowingly receives or appropriates any of the licensee’s property, other than in payment of a just demand or with intent to defraud, or who omits to make or causes an om

Financial Code - FIN - FIN § 50507

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50507

Any director, officer, partner, trustee, or employee of a licensee, its holding company, or its affiliates who knowingly makes or concurs in making or publishing any false entry in its books or records, any written report, exhibit, or statement of its affairs or pecuniary conditi

Financial Code - FIN - FIN § 50508

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50508

Any director, officer, partner, trustee, or employee of a licensee, its holding company, or its affiliates who makes a false entry in any book or record of the business, or in connection with any transaction of the business, with intent to deceive any officer, director, or employ

Financial Code - FIN - FIN § 50509

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50509

Any officer, director, partner, trustee, or employee of any entity who abstracts or misapplies any of the money, funds, or property of a licensee, or misapplies its credit, or abstracts or misapplies money, funds, trust obligations, or property deposited with a licensee, violates

Financial Code - FIN - FIN § 50510

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50510

Nothing in this chapter shall be construed to authorize a criminal prosecution for a violation of a civil statute incorporated by reference into this division. Civil monetary penalties and fines shall not be imposed under this law for a violation of subdivision (e) or (j) of Sect

Financial Code - FIN - FIN § 50511

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50511

The commissioner may, subject to the requirements of subdivisions (b), (c), and (d) of Section 50318, suspend for a period not to exceed 12 months or bar a person from any position of employment with a licensee if the commissioner finds that the person has willfully used or claim

Financial Code - FIN - FIN § 50512

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50512

(a) It is unlawful for any person to knowingly alter, destroy, mutilate, conceal, cover up, falsify, or make a false entry in any record, document, or tangible object with the intent to impede, obstruct, or influence the administration or enforcement of any provision of this divi

Financial Code - FIN - FIN § 50513

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50513

(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 declin

Financial Code - FIN - FIN § 506

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 506

Whenever he or she deems it expedient, the commissioner may call a meeting of the stockholders of any bank or trust company. Notice of the time and place of the meeting shall be given to each stockholder by a notice mailed to the stockholder by registered mail at the stockholder’

Financial Code - FIN - FIN § 507

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 507

During any emergency period declared by the President of the United States, each bank shall conform to any order of the commissioner directed to it, relating to and conforming with regulations, limitations, or restrictions which are applicable thereto prescribed by the Secretary

Financial Code - FIN - FIN § 50700

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50700

(a) A residential mortgage lender, or a person or employee acting under the authority of a residential mortgage lender’s license, including a mortgage loan originator, shall not provide brokerage services to a borrower, except as provided in subdivision (c). (b) “Brokerage servic

Financial Code - FIN - FIN § 50701

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50701

(a) As soon as practical after a borrower requests that the residential mortgage lender licensee arrange a loan to be made by another institutional lender, and before the licensee performs brokerage services for the borrower, the licensee and borrower shall enter into a written l

Financial Code - FIN - FIN § 50702

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50702

(a) The annual report required by Section 50401(a) shall include both of the following: (1) The number and the aggregate principal amount of closed residential mortgage loans secured by residential real estate in which the licensee provides brokerage services, as defined in this

Financial Code - FIN - FIN § 50703

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 50703

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 t