California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 6 - California Financing Law
Article 1 - General Provisions
Section 1411 - Criminal Actions: Report to Commissioner

Universal Citation: 10 CA Code of Regs 1411

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) A licensee shall immediately report in writing to the commissioner any criminal action filed against such company or its directors, officers or management personnel.

(b) A licensee whose license record is in NMLS, including a mortgage loan originator licensee, shall file the information in subdivision (a) with the NMLS on Form MU1 and MU2, as applicable, in accordance with its procedures for transmission to the Commissioner.

1. Amendment filed 12-3-81; effective thirtieth day thereafter (Register 81, No. 49).
2. Editorial correction of NOTE filed 10-13-82 (Register 82, No. 42).
3. Amendment of NOTE filed 2-21-85; effective thirtieth day thereafter (Register 85, No. 8).
4. Change without regulatory effect amending NOTE filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).
5. Amendment of section and NOTE filed 4-1-2010 as an emergency; operative 7-31-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.
6. Editorial correction of HISTORY 5 (Register 2010, No. 40).
7. Amendment of section and NOTE refiled 9-28-2010 as an emergency, including repealer of subsection (c); operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.
8. Amendment of section and NOTE refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.
9. Certificate of Compliance as to 12-23-2010 order, including amendment of subsection (a), transmitted to OAL 3-14-2011 and filed 4-25-2011; amendments operative 5-25-2011 (Register 2011, No. 17).
10. Amendment of section and NOTE filed 8-5-2021; operative 10-1-2021 (Register 2021, No. 32). Transmission deadline specified in Government Code section 11346.4(b) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-71-20. Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-71-20.

Note: Authority cited: Sections 22108 and 22150, Financial Code. Reference: Sections 22108, 22109, 22109.1, 22701, 22705 and 22714, Financial Code.

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