Section 50702 Of Chapter 9. Brokerage Services For Borrowers From California Financial Code >> Division 20. >> Chapter 9.
50702
. (a) The annual report required by Section 50401(a) shall
include both of the following:
(1) The number and the aggregate principal amount of closed
residential mortgage loans secured by residential real estate in
which the licensee provides brokerage services, as defined in this
chapter.
(2) The number and aggregate principal amount of residential
mortgage loans made by the licensee under this division.
(b) The sum total of the aggregate principal loan amounts reported
in paragraphs (1) and (2) of subdivision (a) shall be deemed the
aggregate principal amount of mortgage loans secured by residential
real property originated by the licensee, for purposes of determining
a licensee's annual assessment under subdivision (a) of Section
50401.
(c) The commissioner shall provide copies of the annual reports
required by subdivision (a) of Section 50401 to the Bureau of Real
Estate upon request of the Real Estate Commissioner.