California Business and Professions Code 10166.09 – The minimum standards for renewal of an endorsement as a mortgage …
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The minimum standards for renewal of an endorsement as a mortgage loan originator shall include the following:
(a) The mortgage loan originator continues to meet the minimum standards for obtaining an endorsement as a mortgage loan originator.
Terms Used In California Business and Professions Code 10166.09
- 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
(b) The mortgage loan originator satisfies the annual continuing education requirements described in Section 10166.10.
(Added by Stats. 2009, Ch. 160, Sec. 6. (SB 36) Effective October 11, 2009.)