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Business and Professions Code - BPC - BPC § 10159.7
Business and Professions Code - BPC - BPC § 10159.7
(a) For the purposes of this article, the following definitions shall apply: (1) “Fictitious business name” means a professional identity or brand name under which activity requiring a real estate license is conducted and the use of which is subject to approval by the department
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Business and Professions Code - BPC - BPC § 10161.5
Business and Professions Code - BPC - BPC § 10161.5
When the holder of a real estate broker’s or salesperson’s license is required to relinquish his or her license to assume an office in local, state, or federal government, he or she may have it reinstated at any time within six months of termination of his or her service in offic
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Business and Professions Code - BPC - BPC § 10161.8
Business and Professions Code - BPC - BPC § 10161.8
(a) The commissioner shall specify the manner in which a responsible broker shall provide notice to the commissioner of an affiliation with a real estate licensee or by which a real estate licensee shall provide notice of a change of address or affiliation. (b) Whenever a respons
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Business and Professions Code - BPC - BPC § 10162
Business and Professions Code - BPC - BPC § 10162
(a) Every licensed real estate broker shall have and maintain a definite place of business in the State of California that serves as the broker’s office for the transaction of business. This office shall be the place where the broker’s license is displayed and where personal cons
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Business and Professions Code - BPC - BPC § 10163
Business and Professions Code - BPC - BPC § 10163
If the applicant for a real estate broker’s license maintains more than one place of business within the State he shall apply for and procure an additional license for each branch office so maintained by him. Every such application shall state the name of the person and the locat
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Business and Professions Code - BPC - BPC § 10164
Business and Professions Code - BPC - BPC § 10164
(a) A responsible broker or corporate designated broker officer may appoint a licensee as a manager of a branch office or division of the responsible broker’s or corporate designated broker officer’s real estate business and delegate to the appointed manager the responsibility to
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Business and Professions Code - BPC - BPC § 10165
Business and Professions Code - BPC - BPC § 10165
For a violation of Section 10161.8, 10162, 10163, or subdivision (b) of Section 10164, the commissioner may temporarily suspend or permanently revoke the license of the real estate licensee in accordance with this part relating to hearings.
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Business and Professions Code - BPC - BPC § 10165.1
Business and Professions Code - BPC - BPC § 10165.1
This article does not require the department to post or publish electronic mail addresses or telephone numbers collected pursuant to Section 10150, 10151, or 10162, and if released by the department, the information shall be released in a way that discourages its use in unauthori
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Business and Professions Code - BPC - BPC § 10166.01
Business and Professions Code - BPC - BPC § 10166.01
For purposes of this article, the following definitions shall apply: (a) “SAFE Act” means the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Public Law 110-289). (b) (1) “Mortgage loan originator” means an individual who takes a residential mortgage loan
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Business and Professions Code - BPC - BPC § 10166.02
Business and Professions Code - BPC - BPC § 10166.02
(a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131, and who makes, arranges, or services loans secured by real property containing one to four residential units, and any salesperson who acts in a similar capacity under the sup
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Business and Professions Code - BPC - BPC § 10166.03
Business and Professions Code - BPC - BPC § 10166.03
(a) A loan processor or underwriter who does not represent to the public, through advertising or other means of communicating or providing information, including the use of business cards, stationery, brochures, signs, rate lists, or other promotional items, that the individual c
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Business and Professions Code - BPC - BPC § 10166.04
Business and Professions Code - BPC - BPC § 10166.04
(a) In connection with an application to the commissioner for a license endorsement as a mortgage loan originator, every applicant shall furnish to the Nationwide Multistate Licensing System and Registry information concerning the applicant’s identity, including the following: (1
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Business and Professions Code - BPC - BPC § 10166.05
Business and Professions Code - BPC - BPC § 10166.05
Notwithstanding any other provision of law, the commissioner shall not issue a license endorsement to act as a mortgage loan originator to an applicant unless the commissioner makes all of the following findings: (a) The applicant has never had a mortgage loan originator license
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Business and Professions Code - BPC - BPC § 10166.051
Business and Professions Code - BPC - BPC § 10166.051
In addition to any penalties authorized by regulations adopted pursuant to Section 10166.15, the commissioner may do one or more of the following, after appropriate notice and opportunity for hearing: (a) Deny, suspend, revoke, restrict, or decline to renew a mortgage loan origin
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Business and Professions Code - BPC - BPC § 10166.06
Business and Professions Code - BPC - BPC § 10166.06
(a) In addition to the requirements of Section 10153, an applicant for a license endorsement as a mortgage loan originator shall complete at least 20 hours of education courses, which shall include at least the following: (1) Three hours of federal law and regulations. (2) Three
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Business and Professions Code - BPC - BPC § 10166.07
Business and Professions Code - BPC - BPC § 10166.07
(a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131, and who makes, arranges, or services one or more loans in a calendar year that are secured by real property containing one to four residential units, shall annually file a bu
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Business and Professions Code - BPC - BPC § 10166.08
Business and Professions Code - BPC - BPC § 10166.08
Each mortgage loan originator shall submit reports of condition to the Nationwide Multistate Licensing System and Registry reports of condition, and those reports shall be in the form and shall contain information as the Nationwide Multistate Licensing System and Registry may req
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Business and Professions Code - BPC - BPC § 10166.09
Business and Professions Code - BPC - BPC § 10166.09
The minimum standards for renewal of an endorsement as a mortgage loan originator shall include the following: (a) The mortgage loan originator continues to meet the minimum standards for obtaining an endorsement as a mortgage loan originator. (b) The mortgage loan originator sat
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Business and Professions Code - BPC - BPC § 10166.10
Business and Professions Code - BPC - BPC § 10166.10
(a) A mortgage loan originator shall complete at least eight hours of continuing education annually, which shall include at least three hours relating to federal law and regulations, two hours of ethics, which shall include instruction on fraud, consumer protection, and fair lend
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Business and Professions Code - BPC - BPC § 10166.11
Business and Professions Code - BPC - BPC § 10166.11
(a) A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131 and who makes, arranges, or services loans secured by real property containing one to four residential units, shall keep documents and records that will properly enable the co
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Business and Professions Code - BPC - BPC § 10166.12
Business and Professions Code - BPC - BPC § 10166.12
(a) As often as the commissioner deems necessary and appropriate, the commissioner shall examine the affairs of each real estate broker who is required to notify the commissioner or obtain a license endorsement pursuant to Section 10166.02 for compliance with this part. These exa
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Business and Professions Code - BPC - BPC § 10166.13
Business and Professions Code - BPC - BPC § 10166.13
A real estate broker who acts pursuant to Section 10131.1 or subdivision (d) or (e) of Section 10131 and who makes, arranges, or services loans secured by real property containing one to four residential units shall make any special reports to the commissioner that the commission
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Business and Professions Code - BPC - BPC § 10166.14
Business and Professions Code - BPC - BPC § 10166.14
A real estate broker shall notify the department when he or she is no longer subject to this part. If a broker has already made reports required by Sections 10166.07 and 10166.08 within the year, he or she shall continue reports for that year, but shall notify the department prio
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Business and Professions Code - BPC - BPC § 10166.15
Business and Professions Code - BPC - BPC § 10166.15
(a) The commissioner shall regularly report violations of this article, as well as enforcement actions taken against any mortgage loan originator to whom an endorsement has been issued, and enforcement actions taken against any individual for failure to obtain an endorsement as a
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Business and Professions Code - BPC - BPC § 10166.16
Business and Professions Code - BPC - BPC § 10166.16
(a) Except as otherwise provided in Section 1512 of the SAFE Act, the requirements under any federal or state law regarding the privacy or confidentiality of any information or material provided to the Nationwide Multistate Licensing System and Registry, and any privilege arising