California Financial Code 50307.2 – The commissioner may require a licensee that employs one or more …
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The commissioner may require a licensee that employs one or more mortgage loan originators to submit to the Nationwide Mortgage Licensing System and Registry reports of condition, which shall be in such form and shall contain such information as the Nationwide Mortgage Licensing System and Registry may require.
(Added by Stats. 2009, Ch. 160, Sec. 72. (SB 36) Effective October 11, 2009.)
Terms Used In California Financial Code 50307.2
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC