1. (a) The annual report required under Section 22159 of the Financial Code shall be submitted on forms furnished by the Commissioner.
2. (b) In addition to the annual report required under Section 22159 of the Financial Code, a mortgage lender, mortgage broker, and mortgage lender and broker shall file the NMLS Mortgage Call Report required to be filed pursuant to subdivisions (c) and (d) of Section 22159 of the Code with NMLS for transmission to the Commissioner.
3. (c) Every mortgage loan originator shall ensure that all residential mortgage loans that close as a result of his or her loan origination activities are included in the NMLS Mortgage Call Report submitted to NMLS or the Commissioner by his or her sponsoring mortgage lender, broker, or mortgage lender and broker.

Note: Authority cited: Section 22150, Financial Code. Reference: Sections 22159 and 22160, Financial Code.

History

1. New section filed 4-14-83; effective thirtieth day thereafter (Register 83, No. 16).

2. Change without regulatory effect amending section and Note filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).

3. Amendment of section heading, section and Note filed 4-1-2010 as an emergency; operative 4-1-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.

4. Amendment of section heading, section and Note refiled 9-28-2010 as an emergency; operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.

5. Amendment of section heading, section and Note refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.

4. Certificate of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed 4-25-2011 (Register 2011, No. 17).