California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 3 - Books, Records and Examinations › Section 1433 - Forms

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A licensee
				  shall only use a loan form that the licensee has determined to be in compliance
				  with applicable state and federal law. For purposes of this section, a licensee
				  includes a mortgage loan originator.
(b) All printed matter contained in loan
				  forms used by a licensee shall be in not less than 8-point type, except that
				  printed captions in "boxes" may be 6-point type.
(c) A licensee is prohibited from using a
				  loan form after written notice of objection by the Commissioner to such form
				  has been delivered to the licensee.
(d) In accordance with Section
				  22347 of the Code, the unique
				  identifier of a mortgage loan originator shall be clearly shown on all
				  residential mortgage loan application forms.
(e) The unique identifier of a licensed
				  mortgage loan originator shall be clearly shown on any advertising,
				  solicitations, including business cards or Internet Web sites, whether in
				  paper, electronic, or any other format, which directly identifies the mortgage
				  loan originator.
1. Amendment
					 filed 9-12-79; effective thirtieth day thereafter (Register 79, No.
					 37).
2. Amendment filed 10-18-79; effective thirtieth day thereafter
					 (Register 79, No. 42).
3. Amendment filed 12-29-83; effective
					 thirtieth day thereafter (Register 83, No. 53).
4. Change without
					 regulatory effect amending subsections (a), (d) and NOTE filed 6-14-95 pursuant
					 to section
					 100, title 1, California Code of
					 Regulations (Register 95, No. 24).
5. Amendment of subsection (a),
					 repealer of subsection (d), and amendment of NOTE filed 8-4-98; operative
					 9-3-98 (Register 98, No. 32).
6. Amendment of subsections (a)-(c),
					 new subsections (d)-(e) and amendment of NOTE filed 4-1-2010 as an emergency;
					 operative 7-31-2010 (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					 be transmitted to OAL by 9-28-2010 or emergency language will be repealed by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.
7. Editorial correction of
					 HISTORY 6 (Register 2010, No. 40).
8. Amendment of subsections
					 (a)-(c), new subsection (d) and amendment of NOTE refiled 9-28-2010 as an
					 emergency, including repealer of subsection (e); 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.
9. Amendment of subsections (a)-(c), new subsection
					 (d), repealer of subsection (e) and amendment of NOTE 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.
10.
					 Certificate of Compliance as to 12-23-2010 order, including amendment of
					 subsection (d) and new subsection (e), transmitted to OAL 3-14-2011 and filed
					 4-25-2011; amendments operative 5-25-2011 (Register 2011, No.
					 17).
Note: Authority cited: Section
						22150,
						Financial Code. Reference: Sections
						22150,
						22156,
						22161,
						22163,
						22164,
						22250,
						22347 and
						22714,
						Financial Code.