Section 22109.4 Of Article 3. Licensing From California Financial Code >> Division 9. >> Chapter 1. >> Article 3.
22109.4
. (a) A mortgage loan originator shall comply with the
requirements of this section on or before December 31 of every year.
(b) The minimum standards for license renewal for a mortgage loan
originator shall include the following:
(1) The mortgage loan originator continues to meet the minimum
standards for license issuance under Section 22109.1.
(2) The mortgage loan originator has satisfied the annual
continuing education requirements described in Section 22109.5.
(3) The mortgage loan originator, or the finance lender or broker
employing the mortgage loan originator, has paid all required fees
for renewal of the license as provided in Section 22107.
(c) The license of a mortgage loan originator failing to satisfy
the minimum standards for license renewal shall expire at midnight on
December 31, except as provided in subdivision (h) of Section
22109.5. The commissioner may adopt procedures for the reinstatement
of expired licenses consistent with the standards established by the
Nationwide Mortgage Licensing System and Registry.