California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 3 — Real Estate RegulationsArticle 1 — Scope of RegulationSection 10133.5
The provisions of Article 5 (commencing with Section 10230) do not apply to any person who is an approved lender, mortgagee, seller, or servicer for the Federal Housing Administration, United States Department of Veterans Affairs, Farmers Home Administration, Government National Mortgage Association, Federal National Mortgage Association, or Federal Home Loan Mortgage Corporation, when making loans to be sold to, or when servicing loans on behalf of and subject to audit by, any of the foregoing with respect to those loans.
Notes
Exempts an approved lender, mortgagee, seller, or servicer for the listed federal housing and mortgage entities from the referenced article when making loans to be sold to, or servicing loans for, those entities. Limits the exemption to the covered loans when the activity is performed on behalf of and subject to audit by the listed entity.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10133.5 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-1/section-10133-5