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DIVISION 9. CALIFORNIA FINANCING LAW 22000-22780›CHAPTER 4. Revocation and Penalties 22700-22780›ARTICLE 1. Revocation and Suspension of License 22700-22718

§ 22700 (repealed January 1, 2019)

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

(a) Finance lender and broker licenses issued under this division shall remain in effect until they are surrendered, revoked, or suspended.

(b) Mortgage loan originator licenses issued under this division shall be renewed annually upon the payment of an annual assessment, and, if renewed by the licensee, shall remain in effect until they are surrendered, revoked, or suspended.

(c) Surrender of a license becomes effective 30 days after receipt of an application to surrender the license or within a shorter period of time that the commissioner may determine, unless a revocation or suspension proceeding is pending when the application is filed or a proceeding to revoke or suspend or to impose conditions upon the surrender is instituted within 30 days after the application is filed. If a proceeding is pending or instituted, surrender of a license becomes effective at the time and upon the conditions that the commissioner determines.

(d) This section shall remain in effect only until January 1, 2019, and as of that date is repealed.

(Amended by Stats. 2017, Ch. 475, Sec. 72. (AB 1284) Effective October 4, 2017. Repealed as of January 1, 2019, by its own provisions. See later operative version added by Stats. 2017, Ch. 475.)

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California Financial Code

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