§ 50125 License Refusal Grounds

• •The government can say no to giving a license to someone who wants to lend money for houses if they don’t follow the rules.
• •If the person asking for the license doesn’t meet important requirements, they won’t get it.
• •The government checks if the person is doing everything they’re supposed to before giving the license.

A person wants to start a business to help people get loans for houses.

If this person doesn’t follow the rules, like not filling out the right papers or breaking the law before, the government can say no to giving them the license.