California § 10236.5. 10236.5. (Added by Stats. 1997, Ch. 540, Sec. 5.)

California Statutes

§ 10236.5. — 10236.5. (Added by Stats. 1997, Ch. 540, Sec. 5.)

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

A real estate broker shall notify the department when he or she is no longer servicing or arranging loans subject to the reporting requirements of Section 10232.  If a broker has already made reports required by this article within the year, he or she shall continue reports for that year, but shall notify the department prior to the expiration of that year that he or she will no longer be servicing or arranging loans for which reports are required.  The department’s records, including those which may be disclosed by calling the license information telephone number of the department, may then be appropriately updated.

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A real estate broker shall notify the department when he or she is no longer servicing or arranging loans subject to the reporting requirements of Section 10232. If a broker has already made reports required by this article within the year, he or she shall continue reports for that year, but shall notify the department prior to the expiration of that year that he or she will no longer be servicing or arranging loans for which reports are required. The department’s records, including those which may be disclosed by calling the license information telephone number of the department, may then be appropriately updated.

California § 10236.5. (10236.5. (Added by Stats. 1997, Ch. 540, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.