DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT 50000-50706›CHAPTER 9. Brokerage Services for Borrowers 50700-50706

§ 50703

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

Notwithstanding Section 10248.3 of the Business and Professions Code, the provisions of Article 7 (commencing with Section 10240) of Chapter 3 of Part 1 of Division 4 of the Business and Professions Code shall apply to a residential mortgage loan arranged by a licensee pursuant to this chapter, unless that loan exceeds the principal loan amount specified for a bona fide loan secured directly or collaterally by a first trust deed or a bona fide loan secured directly or collaterally by a lien junior thereto, specified in Section 10245 of the Business and Professions Code.

(Added by Stats. 1996, Ch. 19, Sec. 1. Effective March 20, 1996.)

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California Financial Code

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