There Is a Newer Version of the California Code
2011 California Code
Business and Professions Code
DIVISION 4. REAL ESTATE [10000 - 11506]
ARTICLE 7. Real Property Loans
Section 10241.3
CA Bus & Prof Code § 10241.3 (through 2012 Leg Sess) What's This?
In any loan transaction in which a fee is charged to a borrower for an appraisal of the real property that will serve as security for the loan, a copy of the appraisal report shall be given by or on behalf of the broker to both the borrower and the lender at or before the closing of the loan transaction.
(Added by Stats. 1984, Ch. 828, Sec. 1.)
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