Financial Code section 22317.5

On any loan secured by real property, a licensee may not do either of the following:

(a)

Fail to disburse funds in accordance with a commitment to make a loan that is accepted by the applicant.

(b)

Intentionally delay the closing of a loan for the sole purpose of increasing interest, costs, fees, or charges payable by the borrower.

Source: Section 22317.5, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=22317.5. (updated Jan. 1, 2005; accessed Jul. 21, 2025).

Up to date

Verified:
Jul. 21, 2025

§ 22317.5's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_22317.5

Original Source: Section 22317.5, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=22317.5. (last accessed May 12, 2025).