§ 1950.122.5.1. Qualifications of Mortgage Loan Originator Applicants.
10 CA ADC § 1950.122.5.1Barclays Official California Code of Regulations
10 CCR § 1950.122.5.1
§ 1950.122.5.1. Qualifications of Mortgage Loan Originator Applicants.
Every applicant for a mortgage loan originator license shall meet the requirements of this section.
(a) QUALIFIED WRITTEN TEST: Every applicant for a mortgage loan originator license shall pass a qualified written test developed or otherwise deemed acceptable by the Nationwide Mortgage Licensing System and Registry and administered by a test provider approved by the Nationwide Mortgage Licensing System and Registry. The qualified written test shall consist of:
An applicant shall abide by the rules, policies and procedures of the Nationwide Mortgage Licensing System and Registry in the administration of the test.
Credits
Note: Authority cited: Section 50304, Financial Code. Reference: Sections 50142 and 50143, Financial Code.
History
1. New section filed 4-1-2010 as an emergency; operative 4-1-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 9-28-2010 as an emergency; operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.
3. New section refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.
4. Certificate of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed 4-25-2011 (Register 2011, No. 17).
5. Amendment filed 8-19-2015; operative 8-19-2015 pursuant to Government Code section 11343.4(b)(3) (Register 2015, No. 34).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 10, § 1950.122.5.1, 10 CA ADC § 1950.122.5.1
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