§ 22716
79 words·~1 min read·
/ca/financial-code/22716A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The revocation, suspension, expiration, or surrender of any license does not impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower or property owner, nor the validity and enforceability of any bonds issued and secured by those contracts. This division does not affect the validity and enforceability of any PACE assessment contracts entered into or bonds issued and secured by those contracts.
(b)This section shall become operative on January 1, 2019.