DIVISION 9. CALIFORNIA FINANCING LAW 22000-22780›CHAPTER 2. Consumer Loans 22200-22470›ARTICLE 3. Loan Regulations 22300-22347
§ 22317.5
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
On any loan secured by real property, a licensee may not do either of the following:
(a) Fail to disburse funds in accordance with a commitment to make a loan that is accepted by the applicant.
(b) Intentionally delay the closing of a loan for the sole purpose of increasing interest, costs, fees, or charges payable by the borrower.
(Added by Stats. 2004, Ch. 940, Sec. 4. Effective January 1, 2005.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code