Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 10241.2 — Real Property Loans
Cal. Bus. & Prof. Code § 10241.2
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If the broker elects to make a loan subject to Section 10240 which consists wholly or in part of broker-controlled funds as defined in subdivision (j) of Section 10241, the broker shall advise the borrower of that fact not later than the next business day after making the election, but in any…
Citator
Cal. Bus. & Prof. Code § 10241.2 — Real Property Loans is in force in the current edition of the Code, and nothing recorded condemns it.
If the broker elects to make a loan subject to Section 10240 which consists wholly or in part of broker-controlled funds as defined in subdivision (j) of Section 10241, the broker shall advise the borrower of that fact not later than the next business day after making the election, but in any event before the close of escrow of the loan transaction.