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2020 California Code
Business and Professions Code - BPC
DIVISION 4 - REAL ESTATE
PART 1 - LICENSING OF PERSONS
CHAPTER 3 - Real Estate Regulations
ARTICLE 5 - Transactions in Trust Deeds and Real Property Sales Contracts
Section 10236.5.
Universal Citation: CA Bus & Prof Code § 10236.5 (2020)
10236.5.
A real estate broker shall notify the department when he or she is no longer servicing or arranging loans subject to the reporting requirements of Section 10232. If a broker has already made reports required by this article within the year, he or she shall continue reports for that year, but shall notify the department prior to the expiration of that year that he or she will no longer be servicing or arranging loans for which reports are required. The department’s records, including those which may be disclosed by calling the license information telephone number of the department, may then be appropriately updated.
(Added by Stats. 1997, Ch. 540, Sec. 5. Effective January 1, 1998.)
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