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Section 22153 Of Article 4. Regulations From California Financial Code >> Division 9. >> Chapter 1. >> Article 4.
22153
. (a) If a finance lender or broker licensee seeks to change
its place of business to a street address other than that designated
in its license, the licensee shall provide notice to the commissioner
at least 10 days prior to the change. The commissioner shall notify
the licensee within 10 days if the commissioner disapproves the
change, and if the commissioner does not notify the licensee of
disapproval within 10 days, the change in address shall be deemed
approved. The commissioner may require an applicant to submit its
application to change its place of business through the Nationwide
Mortgage Licensing System and Registry.
(b) If notice is not given at least 10 days prior to the change of a street address of a place of business, as required by subdivision (a), or notice is not given at least 10 days prior to engaging in business at a new location, as required by Section 22102, the commissioner may assess a civil or administrative penalty on the licensee not to exceed five hundred dollars ($500).
(b) If notice is not given at least 10 days prior to the change of a street address of a place of business, as required by subdivision (a), or notice is not given at least 10 days prior to engaging in business at a new location, as required by Section 22102, the commissioner may assess a civil or administrative penalty on the licensee not to exceed five hundred dollars ($500).
