DIVISION 9. CALIFORNIA FINANCING LAW 22000-22780.1›CHAPTER 1. General Provisions 22000-22172›ARTICLE 2. Exemptions 22050-22068
§ 22057
California Financial Code · 2020-11 edition · updated 2026-10-04 · California
This division does not apply to any loan that is made or arranged by any person licensed as a real estate broker by the state and secured by a lien on real property, or to any licensed real estate broker when making such a loan. A licensed real estate broker may make a loan secured by a lien on real property for sale to a finance lender or arrange for a loan secured by a lien on real property to be made by a finance lender without obtaining a license under this division.
(Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code