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2018 California Code
Business and Professions Code - BPC
DIVISION 4 - REAL ESTATE
PART 1 - LICENSING OF PERSONS
CHAPTER 3 - Real Estate Regulations
ARTICLE 7 - Real Property Loans
Section 10241.3.
Universal Citation: CA Bus & Prof Code § 10241.3 (2018)
10241.3.
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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