Cal. Fin. Code § 50310

Current through the 2023 Legislative Session.
Section 50310 - Continuing to service contracts in existence at time of suspension

Nothing in this law shall preclude a person, other than a mortgage loan originator, whose license has been suspended or revoked, summarily or otherwise, from continuing to service residential mortgage loans pursuant to servicing contracts in existence at the time of the suspension for a reasonable transition period, as determined by the commissioner, after the date of the entry of the final decision in the case suspending or revoking the license.

Ca. Fin. Code § 50310

Amended by Stats 2009 ch 160 (SB 36),s 72.5, eff. 10/11/2009.