Cal. FIN § 22317.5
This is the official text of Cal. FIN § 22317.5, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
On any loan secured by real property, a licensee may not do either of the following:
(a) Fail to disburse funds in accordance with a commitment to make a loan that is accepted by the applicant.
(b) Intentionally delay the closing of a loan for the sole purpose of increasing interest, costs, fees, or charges payable by the borrower.
(a) Fail to disburse funds in accordance with a commitment to make a loan that is accepted by the applicant.
(b) Intentionally delay the closing of a loan for the sole purpose of increasing interest, costs, fees, or charges payable by the borrower.
Status: in_force · Read it on the official government site
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