Cal. Code Regs. Tit. 10, § 2758.3 - Evidence of Financial Responsibility
Current through Register 2022 Notice Reg. No. 16, April 25, 2022
The Commissioner's finding required by Section 10166.05(c) of the Business and Professions Code relates to any matter, personal or professional, that may impact upon an applicant's propensity to operate honestly, fairly, and efficiently when engaging in the fiduciary role of a mortgage loan originator.
In order to apply for a mortgage loan originator license endorsement, an applicant shall authorize the Nationwide Mortgage Licensing System and Registry (NMLSR) to obtain the applicant's current credit report. The credit report will be used as needed to validate the applicant's responses to the NMLSR's electronic application form, in order to support the Commissioner's finding required by Section 10166.05(c) of the Business and Professions Code.
Note: Authority cited: Sections 10080 and 10166.17, Business and Professions Code. Reference: Sections 10150(d), 10151(e),10166.02(b)(2), 10166.02(d), 10166.04(a)(2) and 10166.05(c), Business and Professions Code.
2. Certificate of Compliance as to 2-23-2010 order, including amendment of second paragraph, transmitted to OAL 5-6-2010 and filed 6-29-2010 (Register 2010, No. 27).
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