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Earlier editions: 2020-112018-11

DIVISION 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT 50000-50706›CHAPTER 5. Administration and Powers of the Commissioner 50301-50333

§ 50328

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

Except in the case of an exempt person, whenever the commissioner deems it to be necessary for the public interest, the commissioner has continuous authority to exercise the powers set forth in this division. These powers may be exercised whether or not an application for a license has been filed with the commissioner, any license has been issued, or if issued, has been surrendered, suspended, or revoked.

(Added by Stats. 1994, Ch. 994, Sec. 7. Effective January 1, 1995. Section operative January 1, 1996, pursuant to Section 50601 (later repealed).)

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