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Section 22317.5 Of Article 3. Loan Regulations From California Financial Code >> Division 9. >> Chapter 2. >> Article 3.
22317.5
. 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.
(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.
