California Statutes
§ 50311. — 50311. (Added by Stats. 1994, Ch. 994, Sec. 7.)
California § 50311.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 20.DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT
Ch. 5.CHAPTER 5. Administration and Powers of the Commissioner
This text of California § 50311. (50311. (Added by Stats. 1994, Ch. 994, Sec. 7.)) 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 § 50311. (2026).
Text
Nothing in this law shall preclude a person whose license has been suspended or revoked, summarily or otherwise, from making a residential mortgage loan pursuant to a commitment issued by that person prior to the suspension or revocation. A prospective borrower who received a commitment issued by a person whose license has been suspended or revoked may, prior to the closing of the loan, terminate the commitment and receive a refund of all money paid to that
person.
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Legislative History
Added by Stats. 1994, Ch. 994, Sec. 7. Effective January 1, 1995. Section operative January 1, 1996, pursuant to Section 50601 (later repealed).
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California § 50311., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/50311..