Cal. Fin. Code § 22757

Current through the 2023 Legislative Session.
Section 22757 - Compensation paid to unlicensed individual

A finance lender, broker, or mortgage loan originator licensed under this division shall not pay any commission, fee, or other compensation to an unlicensed individual for conducting activities that require a license, unless that unlicensed individual is exempt from licensure pursuant to this division.

Ca. Fin. Code § 22757

Added by Stats 2012 ch 264 (AB 2666),s 7, eff. 1/1/2013.