Section 5204 Of Article 3. General Provisions From California Financial Code >> Division 2. >> Chapter 1. >> Article 3.
5204
. (a) Wherever it is stated in this division that an agreement
or contract contrary to any of the division's provisions is void, the
statement is limited to the particular portion of the agreement or
contract that is contrary to the provision, and the entire agreement
or contract is not void unless the particular part is not a separable
portion.
Unless expressly so provided by the commissioner, the violation of
any provision of this division does not render invalid any
agreement, contract, stock, savings account, note, trust deed,
mortgage, or other instrument.
(b) No provision of this division imposing any liability, either
civil or criminal, applies to any act done or omitted in good faith
in conformity with any rule, regulation, approval, consent, order,
direction, or other act of the commissioner, even if the rule,
regulation, approval, consent, order, direction, or other act of the
commissioner is amended, rescinded, or determined invalid by judicial
or other authority, after the act or omission.