§ 22057
93 words·~1 min read·
/ca/financial-code/22057A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This division does not apply to any loan that is made or arranged by any person licensed as a real estate broker by the state and secured by a lien on real property, or to any licensed real estate broker when making such a loan. A licensed real estate broker may make a loan secured by a lien on real property for sale to a finance lender or arrange for a loan secured by a lien on real property to be made by a finance lender without obtaining a license under this division.