California Statutes
§ 50311. — 50311. (Added by Stats. 1994, Ch. 994, Sec. 7.)
California·Code FIN Financial Code - FIN·Div. 20. DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT·Ch. 5. CHAPTER 5. Administration and Powers of the Commissioner
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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California § 50311. (50311. (Added by Stats. 1994, Ch. 994, Sec. 7.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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 Section operative January 1, 1996, pursuant to Section 50601 (later repealed).