reglab/housing_qa huggingface dataset:
CA Fin Code § 22109.6 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 3 - Licensing|Section 22109.6.

22109.6.  In addition to any other duties imposed upon the commissioner by law, the commissioner shall require mortgage loan originators to be licensed and registered through the Nationwide Mortgage Licensing System and Registry. In order to carry out this requirement, the commissioner is authorized to participate in the Nationwide Mortgage Licensing System and Registry. For this purpose, the commissioner may establish by rule, regulation, or order, requirements as necessary, including, but not limited to, the following:(a) Background information for the following:(1) Criminal history through fingerprint or other databases.(2) Civil or administrative records.(3) Credit history.(4) Any other information as deemed necessary by the Nationwide Mortgage Licensing System and Registry.(b) The payment of fees to apply for or renew licenses through the Nationwide Mortgage Licensing System and Registry.(c) The setting or resetting as necessary of renewal or reporting dates.(d) Requirements for amending or surrendering a license or any other activities as the commissioner deems necessary for participation in the Nationwide Mortgage Licensing System and Registry.(Added by Stats. 2009, Ch. 160, Sec. 30. (SB 36) Effective October 11, 2009.)
CA Fin Code § 22110 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 3 - Licensing|Section 22110.

22110.  The proceedings for a denial of a license shall be conducted in accordance with Chapter 5 (commencing with Section 11500) of Part 1 of Division 3 of Title 2 of the Government Code, and the commissioner has all the powers granted therein.(Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)
CA Fin Code § 22111 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 3 - Licensing|Section 22111.

22111.  All money paid or collected under this division shall be deposited in the State Treasury to the credit of the State Corporations Fund. The administration of this division shall be supported out of the State Corporations Fund.(Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)
CA Fin Code § 22112 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 3 - Licensing|Section 22112.

22112.  (a) A licensee shall maintain a surety bond in accordance with this subdivision in a minimum amount of twenty-five thousand dollars ($25,000). The bond shall be payable to the commissioner and issued by an insurer authorized to do business in this state. An original surety bond, including any and all riders and endorsements executed subsequent to the effective date of the bond, shall be filed with the commissioner within 10 days of execution. For licensees with multiple licensed locations, only one surety bond is required. The bond shall be used for the recovery of expenses, fines, and fees levied by the commissioner in accordance with this division or for losses or damages incurred by borrowers or consumers as the result of a licensee’s noncompliance with the requirements of this division.(b) When an action is commenced on a licensee’s bond, the commissioner may require the filing of a new bond. Immediately upon recovery of any action on the bond, the licensee shall file a new bond. Failure to file a new bond within 10 days of the recovery on a bond, or within 10 days after notification by the commissioner that a new bond is required, constitutes sufficient grounds for the suspension or revocation of the license.(c) The commissioner may by rule require a higher bond amount for a licensee who employs one or more mortgage loan originators and who makes or arranges residential mortgage loans, based on the dollar amount of residential mortgage loans originated by that licensee and any mortgage loan originators employed by that licensee. Every mortgage loan originator employed by the licensee shall be covered by the surety bond.(Amended by Stats. 2010, Ch. 287, Sec. 10. (SB 1137) Effective January 1, 2011.)
CA Fin Code § 22150 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22150.

22150.  The commissioner may make general rules and regulations and specific rulings, demands, and findings for the enforcement of this division, in addition to, and within the general purposes of, this division.(Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)
CA Fin Code § 22151 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22151.

22151.  (a) A finance lender license, broker license, program administrator license, and the license of every mortgage loan originator employed by a lender or finance broker, along with any currently effective order of the commissioner approving a different name pursuant to Section 22155, shall be conspicuously posted in the place of business authorized by the license.(b) A license is not transferable or assignable. A license issued to a partnership or a limited partnership is not transferred or assigned within the meaning of this section by the death, withdrawal, or admission of a partner, general partner, or limited partner, unless the death, withdrawal, or admission dissolves the partnership to which the license was issued.(c) This section shall become operative on January 1, 2019.(Repealed (in Sec. 41) and added by Stats. 2017, Ch. 475, Sec. 42. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22152 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22152.

22152.  (a) A finance lender, broker, or program administrator licensee shall maintain only one place of business under a duplicate or original license issued pursuant to Section 22101 or 22102. The commissioner may issue more than one license to the same licensee upon compliance with all the provisions of this division governing an original issuance of a license.(b) This section shall become operative on January 1, 2019.(Repealed (in Sec. 43) and added by Stats. 2017, Ch. 475, Sec. 44. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22153 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22153.

22153.  (a) If a finance lender, broker, or program administrator licensee seeks to change its place of business to a street address other than that designated in its license, the licensee shall provide notice to the commissioner at least 10 days before the change. The commissioner shall notify the licensee within 10 days if the commissioner disapproves the change, and if the commissioner does not notify the licensee of disapproval within 10 days, the change in address shall be deemed approved. The commissioner may require an applicant to submit its application to change its place of business through the Nationwide Mortgage Licensing System and Registry.(b) If notice is not given at least 10 days before the change of a street address of a place of business, as required by subdivision (a), or notice is not given at least 10 days before engaging in business at a new location, as required by Section 22102, the commissioner may assess a civil or administrative penalty on the licensee not to exceed five hundred dollars ($500). (c) This section shall become operative on January 1, 2019.(Repealed (in Sec. 45) and added by Stats. 2017, Ch. 475, Sec. 46. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22154 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22154.

22154.  (a) A licensee shall not conduct the business of making loans or administering a PACE program under this division within any office, room, or place of business in which any other business is solicited or engaged in, or in association or conjunction therewith, except as is authorized in writing by the commissioner upon the commissioner’s finding that the character of the other business is such that the granting of the authority would not facilitate evasions of this division or of the rules and regulations made pursuant to this division. An authorization, once granted, remains in effect until revoked by the commissioner. The commissioner may authorize the other business through the Nationwide Mortgage Licensing System and Registry.(b) The products or services of an affiliated corporation of the licensee that is a supervised financial institution, or a parent or subsidiary of a supervised financial institution that is an affiliate of the licensee, may be provided, offered, or sold at the licensed location of the licensee without authorization by the commissioner pursuant to subdivision (a) if both of the following are met:(1) The activity is not prohibited by, or in violation of, the laws applicable to the affiliate or supervised financial institution.(2) The products and services are not offered and sold in a manner that restricts the ability of the borrower or customer to individually select or reject a product or service that is offered.(c) The following definitions govern the construction of this section:(1) “Affiliated” or “affiliate” means the following: A corporation is an affiliate of, or a corporation is affiliated with, another specified corporation if it directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, the other specified corporation.(2) “Supervised financial institution” means any commercial bank, industrial bank, credit card bank, trust company, savings and loan association, savings bank, credit union, California finance lender, residential mortgage lender or servicer, or insurer, provided that the institution is subject to supervision by an official or agency of this state or of the United States. (d) This section shall become operative on January 1, 2019.(Repealed (in Sec. 47) and added by Stats. 2017, Ch. 475, Sec. 48. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22155 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22155.

22155.  (a) A finance lender, broker, mortgage loan originator, or program administrator licensee shall not transact the business licensed or make any loan or administer any PACE program provided for by this division under any other name or at any other place of business than that named in the license except pursuant to a currently effective written order of the commissioner authorizing the other name or other place of business. The commissioner’s order, while effective, shall be deemed to amend the original license issued pursuant to Section 22105 or 22109.1. Notwithstanding any provision of this section, a finance lender, program administrator, broker, or mortgage loan originator licensee may make any loan and engage in any other business provided for by this division, other than the business described in subdivision (b) of Section 22154, at a place other than the licensed location under either of the following conditions:(1) The borrower requests, either orally or in writing, that a loan be initiated or made at a location other than the licensee’s licensed location. The use by the licensee of a preprinted solicitation form returned to the licensee by the borrower shall not constitute a request by the borrower that a loan be initiated or made at a location other than the licensee’s licensed location.(2) The licensee makes a solicitation or advertises for, or makes an offer of, a loan or assessment contract displayed on “home pages” or similar methods by the licensee on the Internet, the World Wide Web, or similar proprietary or common carrier electronic systems, and the prospective borrower or property owner may transmit information over these electronic systems to the licensee in connection with the licensee’s offer to make a loan or assessment contract. (b) This section shall become operative on January 1, 2019.(Repealed (in Sec. 49) and added by Stats. 2017, Ch. 475, Sec. 50. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22156 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22156.

22156.  (a) Finance lender, broker, program administrator, and mortgage loan originator licensees shall keep and use in their business, books, accounts, and records which will enable the commissioner to determine if the licensee is complying with the provisions of this division and with the rules and regulations made by the commissioner. On any loan secured by real property in which loan proceeds were disbursed to an independent escrowholder, the licensee shall retain records and documents as set forth by rules of the commissioner adopted pursuant to Section 22150. Upon request of the commissioner, licensees shall file an authorization for disclosure to the commissioner of financial records of the licensed business pursuant to Section 7473 of the Government Code.(b) This section shall become operative on January 1, 2019.(Repealed (in Sec. 51) and added by Stats. 2017, Ch. 475, Sec. 52. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22157 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22157.

22157.  (a) Finance lender, broker, and mortgage loan originator licensees shall preserve their books, accounts, and records, if any, for at least three years after making the final entry on any loan recorded therein.(b) Except as otherwise specified by applicable law, including paragraph (3) of subdivision (b) of Section 5913 of the Streets and Highways Code, program administrator licensees shall preserve their books, accounts, and records for at least three years after the extinguishment of a PACE assessment is recorded therein.(c) This section shall become operative on January 1, 2019.(Amended (as added by Stats. 2017, Ch. 475, Sec. 54) by Stats. 2018, Ch. 813, Sec. 4. (AB 2063) Effective January 1, 2019.)
CA Fin Code § 22158 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22158.

22158.  Nothing contained in Sections 22156 and 22157 shall require the maintenance or preservation of original records, provided that any information requested by the commissioner can be furnished within 48 hours, excluding Saturdays, Sundays, and holidays as defined in Sections 6700 and 6701 of the Government Code.(Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)
CA Fin Code § 22159 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22159.

22159.  (a) Each finance lender, broker, and program administrator licensee shall file an annual report with the commissioner, on or before March 15th, giving the relevant information that the commissioner reasonably requires concerning the business and operations conducted by the licensee or authorized by the program administrator licensee within the state during the preceding calendar year for each licensed place of business. The individual annual reports filed pursuant to this section shall be made available to the public for inspection except, upon request in the annual report to the commissioner, the balance sheet contained in the annual report of a sole proprietor or any other nonpublicly traded person. “Nonpublicly traded person” for purposes of this section means persons with securities owned by 35 or fewer individuals. The report shall be made under oath and in the form prescribed by the commissioner.(b) A licensee shall make other special reports that may be required by the commissioner.(c) The commissioner may require a licensee that employs one or more mortgage loan originators to submit to the Nationwide Mortgage Licensing System and Registry reports of condition, which shall be in the form and shall contain the information as the Nationwide Mortgage Licensing System and Registry may require.(d) The commissioner may by rule or order require a mortgage loan originator to submit reports of condition to the Nationwide Mortgage Licensing System and Registry, in lieu of the reports of condition required of his or her employer pursuant to subdivision (c). (e) This section shall become operative on January 1, 2019.(Repealed (in Sec. 55) and added by Stats. 2017, Ch. 475, Sec. 56. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22159.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22159.5.

22159.5.  (a) The commissioner may, as he or she deems necessary, require licensees to provide reports concerning their residential mortgage loan servicing activities, including, but not limited to, information similar to that collected in connection with the Mortgage Servicers Survey, first published by the Department of Business Oversight in December 2007. The commissioner is additionally authorized to seek and accept information provided on a voluntary basis by residential mortgage loan servicers not subject to the commissioner’s jurisdiction. The commissioner shall post only aggregated survey results on the department’s Internet Web site, and shall note the number of loan servicers submitting data included in the aggregated totals and the estimated percentage of outstanding mortgage loans to Californians that are serviced by these loan servicers, to the extent information on the number of outstanding loans is available from a reliable source. Nothing in this section is intended to reduce or change the commissioner’s authority to request and demand reports under Sections 22150 and 22159.(b) For purposes of this section, “mortgage loan servicing activity” means receiving more than three installment payments of principal, interest, or other amounts placed in escrow, pursuant to the terms of a mortgage loan, and performing services relating to that receipt or the enforcement of its receipt, on behalf of the holder of the note evidencing that loan.(Amended by Stats. 2015, Ch. 190, Sec. 44. (AB 1517) Effective January 1, 2016.)
CA Fin Code § 22160 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22160.

22160.  The commissioner shall make and file annually with the Department of Business Oversight as a public record a composite of the annual reports and any comments on the reports that he or she deems to be in the public interest.(Amended by Stats. 2015, Ch. 190, Sec. 45. (AB 1517) Effective January 1, 2016.)
CA Fin Code § 22161 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22161.

22161.  (a) A person subject to this division shall not do any of the following:(1) Make a materially false or misleading statement or representation to a borrower about the terms or conditions of that borrower’s loan, when making or brokering the loan.(2) Make a materially false or misleading statement or representation to a property owner about the terms or conditions of an assessment contract.(3) Advertise, print, display, publish, distribute, or broadcast, or cause or permit to be advertised, printed, displayed, published, distributed, or broadcast in any manner, any statement or representation with regard to the business subject to the provisions of this division, including the rates, terms, or conditions for making or negotiating loans, or for making or negotiating assessment contracts, that is false, misleading, or deceptive, or that omits material information that is necessary to make the statements not false, misleading, or deceptive, or in the case of a licensee, that refers to the supervision of the business by the state or any department or official of the state.(4) Commit an act in violation of Section 1695.13 of the Civil Code.(5) Engage in any act in violation of Section 17200 of the Business and Professions Code.(6) Knowingly misrepresent, circumvent, or conceal, through subterfuge or device, any material aspect or information regarding a transaction to which the person is a party.(7) Commit an act that constitutes fraud or dishonest dealings. (b) This section shall become operative on January 1, 2019.(Repealed (in Sec. 57) and added by Stats. 2017, Ch. 475, Sec. 58. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22162 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22162.

22162.  (a) A finance lender, broker, or mortgage loan originator licensee shall not place an advertisement disseminated primarily in this state for a loan unless the licensee discloses in the printed text of the advertisement, or in the oral text in the case of a radio or television advertisement, the license under which the loan would be made or arranged.(b) A program administrator licensee shall not place an advertisement disseminated primarily in this state for an assessment contract unless the licensee discloses in the printed text of the advertisement, or in the oral text in the case of a radio or television advertisement, the license under which the assessment contract would be administered.(c) This section shall become operative on January 1, 2019.(Repealed (in Sec. 59) and added by Stats. 2017, Ch. 475, Sec. 60. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)
CA Fin Code § 22163 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9 - CALIFORNIA FINANCING LAW|CHAPTER 1 - General Provisions|ARTICLE 4 - Regulations|Section 22163.

22163.  (a) The commissioner may require that rates of charge, if stated by a licensee, be stated fully and clearly in the manner that the commissioner deems necessary to prevent misunderstanding by prospective borrowers or property owners.(b) This section shall become operative on January 1, 2019.(Repealed (in Sec. 61) and added by Stats. 2017, Ch. 475, Sec. 62. (AB 1284) Effective October 4, 2017. Section operative January 1, 2019, by its own provisions.)