§ 10235.5. — 10235.5. (Amended by Stats. 2022, Ch. 511, Sec. 68.)

California § 10235.5.

• Jurisdiction: California
• Code BPC: Business and Professions Code - BPC
• Div. 4.: DIVISION 4. REAL ESTATE
• Part 1.: PART 1. LICENSING OF PERSONS
• Ch. 3.: CHAPTER 3. Real Estate Regulations
• Art. 5.: ARTICLE 5. Transactions in Trust Deeds and Real Property Sales Contracts

Text

(a)
A real estate licensee or mortgage loan originator shall not place an advertisement disseminated primarily in this state for a loan unless there is disclosed within the printed text of that advertisement, or the oral text in the case of a radio or television advertisement, the Department of Real Estate number and the unique identifier assigned to that licensee by the Nationwide Multistate Licensing System and Registry under which the loan would be made or arranged.
(b)
“Mortgage loan originator,” “unique identifier,” and “Nationwide Multistate Licensing System and Registry” have the meanings set forth in Section 10166.01.

Legislative History

Amended by Stats. 2022, Ch. 511, Sec. 68. (SB 1495) Effective January 1, 2023.