§ 22317.5
59 words·~1 min read·
/ca/financial-code/22317-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
On any loan secured by real property, a licensee may not do either of the following:
(a)Fail to disburse funds in accordance with a commitment to make a loan that is accepted by the applicant.
(b)Intentionally delay the closing of a loan for the sole purpose of increasing interest, costs, fees, or charges payable by the borrower.