Financial Code - FIN
DIVISION 9. CALIFORNIA FINANCING LAW [22000 - 22780.1]
( Heading of Division 9 amended by Stats. 2017, Ch. 475, Sec. 3. ) CHAPTER 4. Revocation and Penalties [22700 - 22780.1]
( Chapter 4 added by Stats. 1994, Ch. 1115, Sec. 2. ) ARTICLE 1. Revocation and Suspension of License [22700 - 22718]
( Article 1 added by Stats. 1994, Ch. 1115, Sec. 2. ) 22716.
(a) The revocation, suspension, expiration, or surrender of any license does not impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower or property owner, nor the validity and enforceability of any bonds issued and secured by those contracts. This division does not affect the validity and enforceability of any PACE assessment contracts entered into or bonds issued and secured by those contracts.
(b) This section shall become operative on January 1, 2019.
(Amended (as added by Stats. 2017, Ch. 475, Sec. 83) by Stats. 2018, Ch. 813, Sec. 14. (AB 2063) Effective January 1, 2019.)