California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 6 - California Financing Law
Article 2 - Applications
Section 1422.10 - Surrender of License Through NMLS
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) A licensee on NMLS shall file an application to surrender a license on Form(s) MU1, MU3, and MU4 through NMLS in accordance with its procedures for transmission to the Commissioner. Upon approval of the surrender by the Commissioner, a licensee that sponsors one or more mortgage loan originator shall terminate the sponsorship of all mortgage loan originators.
(b) To surrender a branch office license, a licensee shall file an amendment to Form MU3 in accordance with the instructions on the form for surrendering a branch office license.
1. New
section filed 4-1-2010 as an emergency; operative 4-1-2010 (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emergency language will be repealed by operation of law on the following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.
2. New section refiled 9-28-2010 as an emergency; 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transmitted to OAL by 12-27-2010 or emergency language will be repealed by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.
3. New section 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language will be repealed by operation of law on the following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.
4. 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).
5. Amendment
of section heading, 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: Section 22150, Financial Code. Reference: Sections 22107, 22108 and 22700, Financial Code.