DIVISION 9. CALIFORNIA FINANCING LAW 22000-22780.1›CHAPTER 4. Revocation and Penalties 22700-22780.1›ARTICLE 1. Revocation and Suspension of License 22700-22718

§ 22716

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

(a) The revocation, suspension, expiration, or surrender of any license does not impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower or property owner, nor the validity and enforceability of any bonds issued and secured by those contracts. This division does not affect the validity and enforceability of any PACE assessment contracts entered into or bonds issued and secured by those contracts.

(b) This section shall become operative on January 1, 2019.

(Amended (as added by Stats. 2017, Ch. 475, Sec. 83) by Stats. 2018, Ch. 813, Sec. 14. (AB 2063) Effective January 1, 2019.)

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California Financial Code

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