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HomeFinancial CodeDiv. 12.5Ch. 2Art. 3§ 28125 Nationwide Licensing System Authority

§ 28125 Nationwide Licensing System Authority

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 28125 Nationwide Licensing System Authority

Key Takeaways

  • •The boss (commissioner) can work with a big system (Nationwide Multistate Licensing System & Registry) to keep track of licenses and fees.
  • •The boss can change some rules to fit the big system’s way of doing things.
  • •The boss can use the big system to share info with places like the police or other agencies.
  • •If someone thinks the info in the big system is wrong, they can ask the boss to fix it.

Example

If you apply for a loan license and the boss puts wrong info about you in the big system.

You can tell the boss, ‘Hey, that info is wrong!’ and ask them to fix it.

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

Official Source
View on CA.gov

§ 28125 Nationwide Licensing System Authority

(a) The commissioner is authorized to establish relationships or contracts with the Nationwide Multistate Licensing System & Registry or other entities designated by the Nationwide Multistate Licensing System & Registry to collect and maintain records and process transaction fees or other fees related to licensees or other persons subject to this division. (b) For the purpose of participating in the Nationwide Multistate Licensing System & Registry, the commissioner is authorized to waive or modify, in whole or in part, by rule, regulation, or order, any or all of the requirements of this division and to establish new requirements as reasonably necessary to participate in the Nationwide Multistate Licensing System & Registry. (c) The commissioner may use the Nationwide Multistate Licensing System & Registry as a channeling agent for requesting information from, and distributing information to, the Department of Justice, any other governmental agency, or any other source, as directed by the commissioner. (d) The commissioner shall establish a process through which applicants and licensees may challenge information entered into the Nationwide Multistate Licensing System & Registry by the commissioner. (Added by Stats. 2018, Ch. 379, Sec. 12. (AB 38) Effective January 1, 2019.)

Last verified: January 23, 2026

Key Terms

nationwide multistate licensinginformationregulationcommissioncontractlicensethe californiatransaction

Related Statutes

  • § 22105.2 Mortgage Licensing System Participation
  • § 28111 Student Loan Servicer Licensing
  • § 50150 Mortgage Licensing System Participation
  • § 22338 Broker Disclosure And Receipts
  • § 31110.5 Commissioner Information Sharing

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 28125.
View Official Source