California § 50003.6. 50003.6. (Added by Stats. 2009, Ch. 160, Sec. 49.)

California Statutes

§ 50003.6. — 50003.6. (Added by Stats. 2009, Ch. 160, Sec. 49.)

California § 50003.6.

Code FINFinancial Code - FIN

Div. 20.DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT

Ch. 1.CHAPTER 1. General

This text of California § 50003.6. (50003.6. (Added by Stats. 2009, Ch. 160, Sec. 49.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 50003.6. (2026).

Text

(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 can or will perform any of the activities of a loan originator shall not be required to be licensed as a mortgage loan originator.

(b)An individual engaging solely in loan processor or underwriter activities shall 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 can or will perform any of the activities of a mortgage loan originator

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(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 can or will perform any of the activities of a loan originator shall not be required to be licensed as a mortgage loan
originator.
(b)
An individual engaging solely in loan processor or underwriter activities shall 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 can or will perform any of the activities of a mortgage loan originator.
(c)
An independent contractor may not engage in the activities of a loan processor or underwriter for a residential mortgage loan unless the independent contractor loan processor or underwriter obtains and maintains a residential mortgage lender or residential mortgage servicer license and a mortgage loan originator license under this division.

Legislative History

Added by Stats. 2009, Ch. 160, Sec. 49. (SB 36) Effective October 11, 2009.

Nearby Sections

3

§ 50003.

50003. (Amended by Stats. 2022, Ch. 452, Sec. 158.)

§ 50003.5.

50003.5. (Amended by Stats. 2012, Ch. 264, Sec. 10.)

§ 50003.6.

50003.6. (Added by Stats. 2009, Ch. 160, Sec. 49.)

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California § 50003.6., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/50003.6..