California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 20. CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT |
Chapter 5. Administration and Powers of the Commissioner |
Section 50328.
Latest version.
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Except in the case of an exempt person, whenever the commissioner deems it to be necessary for the public interest, the commissioner has continuous authority to exercise the powers set forth in this division. These powers may be exercised whether or not an application for a license has been filed with the commissioner, any license has been issued, or if issued, has been surrendered, suspended, or revoked.
(Added by Stats. 1994, Ch. 994, Sec. 7. Effective January 1, 1995. Operative January 1, 1996.)