Statute · California Financial Code
Cal. Fin. Code § 22716 — Revocation and Suspension of License
Cal. Fin. Code § 22716
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 2019-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The revocation, suspension, expiration, or surrender of any license does not impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower or property owner, nor the validity and enforceability of any bonds issued and secured by those contracts.…
Citator
Cal. Fin. Code § 22716 — Revocation and Suspension of License is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The revocation, suspension, expiration, or surrender of any license does not impair or affect the obligation of any preexisting lawful contract between the licensee and any borrower or property owner, nor the validity and enforceability of any bonds issued and secured by those contracts. This division does not affect the validity and enforceability of any PACE assessment contracts entered into or bonds issued and secured by those contracts.
(b) This section shall become operative on January 1, 2019.