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 2. Consumer Loan Penalties [22750 - 22758]
( Article 2 added by Stats. 1994, Ch. 1115, Sec. 2. ) 22757.
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.
(Added by Stats. 2012, Ch. 264, Sec. 7. (AB 2666) Effective January 1, 2013.)