Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 20.: DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT/Ch. 4.: CHAPTER 4. Financial Condition, Transaction and Bond Requirements/§ 50206.
California Statutes

§ 50206. — 50206. (Amended by Stats. 2009, Ch. 160, Sec. 67.)

California § 50206.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 20.DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT
Ch. 4.CHAPTER 4. Financial Condition, Transaction and Bond Requirements

This text of California § 50206. (50206. (Amended by Stats. 2009, Ch. 160, Sec. 67.)) 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 § 50206. (2026).

Text

(a)Prior to a change of control of the business of a licensee, the person wishing to acquire control shall submit an application to the commissioner and pay an investigation fee of one hundred dollars ($100). The application shall contain the information that the commissioner, by rule, may prescribe as necessary to determine that the person meets the requirements of Section 50121.
(b)The commissioner shall approve or disapprove the proposed change of control of a licensee in accordance with the provisions of Section 50126.
(c)Upon notification by the commissioner that the change of control has been disapproved, the acquiring party shall immediately cease any activity subject to regulation under this division.

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Legislative History

Amended by Stats. 2009, Ch. 160, Sec. 67. (SB 36) Effective October 11, 2009.
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California § 50206., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/50206..