§ 100017 Commissioner Reporting Violations

Financial Code·California

AI SummaryVerified

This law says the commissioner must regularly send information about rule breaks and enforcement actions to the Nationwide Multistate Licensing System & Registry, but only if that information is a public record.

Key Takeaways

•The commissioner must report violations and enforcement actions regularly.
•Reports go to the Nationwide Multistate Licensing System & Registry (NMLS).
•Only information that is a public record can be reported.

Example

A mortgage broker is found to have given false information on a loan application.

Because the broker broke the rules, the commissioner has to tell the NMLS about the violation and any action taken, as long as that info is public.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100017 Commissioner Reporting Violations

The commissioner shall report regularly violations of this division, as well as enforcement actions and other relevant information, to the Nationwide Multistate Licensing System & Registry, to the extent that the information is a public record. (Added by Stats. 2020, Ch. 163, Sec. 3. (SB 908) Effective January 1, 2021. Operative January 1, 2022, pursuant to Sec. 100000.5.)

Last verified: January 10, 2026

Key Terms

commissioner Nationwide Multistate Licensing System & Registry violations enforcement actions

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 100017.

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Key Takeaways

Example

Key Terms

Related Statutes

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