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Cal. Fin. Code § 22716

Revocation and Suspension of License

Showing this section's text as in effect on January 1, 2017 (in force January 1, 2017 – January 1, 2019). View current text →

(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.

(b) This section shall remain in effect only until January 1, 2019, and as of that date is repealed.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.