California Financial Code

§ 50143

FIN § 50143 Effective Jan 1, 2015Div. 20 · Ch. 3.5

Statute text

(a)An applicant for a mortgage loan originator license shall pass a qualified written test developed or otherwise deemed acceptable by the Nationwide Mortgage Licensing System and Registry and administered by a test provider approved by the Nationwide Mortgage Licensing System and Registry.

(b)A written test shall not be treated as a qualified written test for purposes of subdivision (a) unless the test adequately measures the applicant’s knowledge and comprehension in appropriate subject areas, including the following:

(1)Ethics.

…

Legislative history

Amended by Stats. 2014, Ch. 123, Sec. 5. (SB 1459) Effective January 1, 2015.