California Code of Regulations
Title 10 - Investment
Chapter 6 - Real Estate Commissioner
Article 18.9 - Discipline Regarding Mortgage Loan Originator License Endorsement
Section 2945.1 - Effect of License Discipline on Mortgage Loan Originator License Endorsement
Real estate license discipline, including a revocation, a suspension, a voluntary surrender of a real estate license, a public reproval, and/or a bar order, may be cause for the revocation and/or suspension of the real estate licensee's mortgage loan originator license endorsement. The disciplinary action on an existing license endorsement may be imposed via the same process and within the same order as the license discipline.
1. New article 18.9
(sections 2945.1-2945.4) and section filed 2-23-2010 as an emergency; operative
2-23-2010 (Register 2010, No. 9). A Certificate of Compliance must be transmitted to
OAL by 8-23-2010 or emergency language will be repealed by operation of law on the
following day.
2. Certificate of Compliance as to 2-23-2010 order
transmitted to OAL 5-6-2010 and filed 6-29-2010 (Register 2010, No.
27).
Note: Authority cited: Sections 10080 and 10166.17, Business and Professions Code. Reference: Sections 10150(d), 10151(e) and 10166.05(a), Business and Professions Code.