California CodesBusiness and Professions Code - BPCDivision 4 — Real EstatePart 1 — Licensing of PersonsChapter 3 — Real Estate RegulationsArticle 5 — Transactions in Trust Deeds and Real Property Sales ContractsSection 10235.5

(a) A real estate licensee or mortgage loan originator shall not place an advertisement disseminated primarily in this state for a loan unless there is disclosed within the printed text of that advertisement, or the oral text in the case of a radio or television advertisement, the Department of Real Estate number and the unique identifier assigned to that licensee by the Nationwide Multistate Licensing System and Registry under which the loan would be made or arranged.

(b) “Mortgage loan originator,” “unique identifier,” and “Nationwide Multistate Licensing System and Registry” have the meanings set forth in Section 10166.01.

Notes

Prohibits a real estate licensee or mortgage loan originator from placing a loan advertisement disseminated primarily in California unless its printed text, or oral text for radio or television, discloses the Department of Real Estate number and the Nationwide Multistate Licensing System and Registry unique identifier under which the loan would be made or arranged.

Use as reference

Lexinter.net | California Code, Business and Professions Code - BPC § 10235.5 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-5/section-10235-5

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