California Statutes
§ 50702. — 50702. (Amended by Stats. 2013, Ch. 352, Sec. 93.)
California·Code FIN Financial Code - FIN·Div. 20. DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT·Ch. 9. CHAPTER 9. Brokerage Services for Borrowers
(a)The annual report required by Section 50401(a) shall include both of the following:
(1)The number and the aggregate principal amount of closed residential mortgage loans secured by residential real estate in which the licensee provides brokerage services, as defined in this chapter.
(2)The number and aggregate principal amount of residential mortgage loans made by the licensee under this division.
(b)The sum total of the aggregate principal loan amounts reported in paragraphs (1) and (2) of subdivision (a) shall be deemed
the aggregate principal amount of mortgage loans secured by residential real property originated by the licensee, for purposes of determining a licensee’s annual assessment under subdivision (a) of Section 50401.
(c)The commissioner shall provide copies of t
Free access — add to your briefcase to read the full text and ask questions with AI
California § 50702. (50702. (Amended by Stats. 2013, Ch. 352, Sec. 93.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2013, Ch. 352, Sec. 93. (AB 1317) Effective September 26, 2013. Operative July 1, 2013, by Sec. 543 of Ch. 352.