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DIVISION 4. REAL ESTATE 10000-11506›PART 1. LICENSING OF PERSONS 10000-10580›CHAPTER 3. Real Estate Regulations 10130-10249.93›ARTICLE 7. Real Property Loans 10240-10248.3

§ 10241.2

California Business and Professions Code · 2020-11 edition · updated 2026-10-04 · California

If the broker elects to make a loan subject to Section 10240 which consists wholly or in part of broker-controlled funds as defined in subdivision (j) of Section 10241, the broker shall advise the borrower of that fact not later than the next business day after making the election, but in any event before the close of escrow of the loan transaction.

(Added by Stats. 1982, Ch. 886, Sec. 6.)

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California Business and Professions Code

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