§ 50316. — 50316. (Amended by Stats. 1998, Ch. 178, Sec. 4.)

California § 50316.

• Jurisdiction: 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

Text

(a)
For any licensee, a disciplinary action taken by the State of California, another state, any agency of the federal government, or another country for any action substantially related to the activity regulated under this law may be a ground for disciplinary action by the commissioner. A certified copy of the record of the disciplinary action taken against a licensee by the State of California, another state, any agency of the federal
government, or another country shall be conclusive evidence of the events related therein.
(b)
Nothing in this section shall preclude the commissioner from applying a specific statutory provision in this division providing for discipline against a licensee as a result of disciplinary action taken against a licensee by the State of California, another state, an agency of the federal government, or another country.

Legislative History

Amended by Stats. 1998, Ch. 178, Sec. 4. Effective January 1, 1999.