Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 20.: DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT/Ch. 5.: CHAPTER 5. Administration and Powers of the Commissioner/§ 50320.
California Statutes

§ 50320. — 50320. (Amended by Stats. 2009, Ch. 160, Sec. 75.)

California § 50320.
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 § 50320. (50320. (Amended by Stats. 2009, Ch. 160, Sec. 75.)) 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 § 50320. (2026).

Text

Whenever, in the opinion of the commissioner, a person is engaged, either actually or through subterfuge, in the business of making residential mortgage loans, servicing residential mortgage loans, or engaging in business as a mortgage loan originator, without a license from the commissioner, the commissioner may order that person to desist and refrain. If, within 30 days after an order is served, a request for a hearing is filed in writing and the hearing is not held within 60 days of the filing, the order is rescinded. This section does not apply to persons exempted under subdivision (b) of Section 50002.

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Legislative History

Amended by Stats. 2009, Ch. 160, Sec. 75. (SB 36) Effective October 11, 2009.
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California § 50320., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/50320..