Section 50325 Of Chapter 5. Administration And Powers Of The Commissioner From California Financial Code >> Division 20. >> Chapter 5.
50325
. The commissioner may immediately revoke the residential
mortgage lender's, residential mortgage loan servicer's, or mortgage
loan originator's license if the licensee fails to comply with any
order issued under Section 50318, 50319, 50321, 50322, or 50503. The
commissioner shall not revoke the license if, within 10 days from the
effective date of the revocation order, the licensee secures a court
order restraining the enforcement of the commissioner's revocation
order.