Financial Code section 50311

Nothing in this law shall preclude a person whose license has been suspended or revoked, summarily or otherwise, from making a residential mortgage loan pursuant to a commitment issued by that person prior to the suspension or revocation. A prospective borrower who received a commitment issued by a person whose license has been suspended or revoked may, prior to the closing of the loan, terminate the commitment and receive a refund of all money paid to that person.

Source: Section 50311, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=50311. (accessed Apr. 24, 2025).

Last Updated

Apr. 24, 2025

§ 50311’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_50311

Original Source: Section 50311, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=50311. (last accessed Apr. 24, 2025).