Cal. Code Regs. tit. 10 § 1950.302

Current through Register 2024 Notice Reg. No. 25, June 21, 2024

Section 1950.302 - Examination by Commissioner

The Commissioner may consider the following factors in determining how often an examination required under subdivision (a) of Section 50302 of the Financial Code shall be conducted:

(a) Past and current violations of the California Residential Mortgage Lending Act and the regulations promulgated thereunder, taking into consideration the nature and severity of the violations and the number of violations.

(b) The number of years the licensee has been licensed under the California Residential Mortgage Lending Act.

Cal. Code Regs. Tit. 10, § 1950.302

1. New section filed 12-31-2001 as an emergency; operative 1-1-2002 (Register 2002, No. 1). A Certificate of Compliance must be transmitted to OAL by 5-1-2002 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 4-29-2002 as an emergency; operative 4-30-2002 (Register 2002, No. 18). A Certificate of Compliance must be transmitted to OAL by 8-28-2002 or emergency language will be repealed by operation of law on the following day.
3. Certificate of Compliance as to 4-29-2002 order transmitted to OAL 7-9-2002 and filed 8-20-2002 (Register 2002, No. 34).

Note: Authority cited: Section 50304, Financial Code. Reference: Section 50302, Financial Code.

1. New section filed 12-31-2001 as an emergency; operative 1-1-2002 (Register 2002, No. 1). A Certificate of Compliance must be transmitted to OAL by 5-1-2002 or emergency language will be repealed by operation of law on the following day.
2. New section refiled 4-29-2002 as an emergency; operative 4-30-2002 (Register 2002, No. 18). A Certificate of Compliance must be transmitted to OAL by 8-28-2002 or emergency language will be repealed by operation of law on the following day.
3. Certificate of Compliance as to 4-29-2002 order transmitted to OAL 7-9-2002 and filed 8-20-2002 (Register 2002, No. 34).