§ 22757
44 words·~1 min read·
/ca/financial-code/22757A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A finance lender, broker, or mortgage loan originator licensed under this division shall not pay any commission, fee, or other compensation to an unlicensed individual for conducting activities that require a license, unless that unlicensed individual is exempt from licensure pursuant to this division.