Section 18034 Of Chapter 4. Standards From California Health And Safety Code >> Division 13. >> Part 2. >> Chapter 4.
18034
. (a) A dealer, as defined in Section 18002.6, or a
salesperson, as defined in Section 18013, is not required to be
licensed as a mortgage loan originator under the provisions of state
law that implement the federal Secure and Fair Enforcement for
Mortgage Licensing Act of 2008 (Public Law 110-289), if the dealer or
salesperson performs only administrative or clerical tasks on behalf
of a person meeting the definition of a mortgage loan originator,
and if the dealer or salesperson does not accept compensation from a
lender, mortgage loan originator, or from any agent of any lender or
mortgage loan originator.
(b) For purposes of this section, the term "administrative and
clerical tasks" means the receipt, collection, and distribution of
information common for the processing or underwriting of a loan in
the mortgage industry and communication with a consumer to obtain
information necessary for the processing or underwriting of a
residential mortgage loan.