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§ 1950.122.10. Effectiveness of Residential Mortgage Lender, Mortgage Servicer, Residential Mor...

10 CA ADC § 1950.122.10Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 3. Commissioner of Financial Protection and Innovation (Refs & Annos)
Subchapter 11.5
Article 2. Application for Licensure and Related Forms
10 CCR § 1950.122.10
§ 1950.122.10. Effectiveness of Residential Mortgage Lender, Mortgage Servicer, Residential Mortgage Lender and Servicer, and Mortgage Loan Originator Licenses.
Currentness
(a) A license as a residential mortgage lender, mortgage servicer or residential mortgage lender and servicer under Section 50002 of the Code continues in effect until it is revoked, terminated, or suspended by the Commissioner, or surrendered by the residential mortgage lender, mortgage servicer, or residential mortgage lender and servicer and the surrender has been accepted by the Commissioner pursuant to Section 50123 of the Code.
(b) A license as a mortgage loan originator under Section 50140 of the Code shall be renewed on an annual basis in accordance with Section 1950.122.5.3 of Subchapter 11.5 of these rules. The license shall be in effect for the calendar year unless revoked, suspended, or surrendered.

Credits

Note: Authority cited: Sections 50002 and 50304, Financial Code. Reference: Sections 50002, 50123 and 50140, 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 A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.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 A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.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 A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.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, including amendment of section, transmitted to OAL 3-14-2011 and filed 4-25-2011; amendments operative 5-25-2011 (Register 2011, No. 17).
This database is current through 5/24/24 Register 2024, No. 21.
Cal. Admin. Code tit. 10, § 1950.122.10, 10 CA ADC § 1950.122.10
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