California § 50702 - The annual report required by Section 50401(a) shall include both of the followin
Full text of California Public Contract Code - PCC § 50702 — The annual report required by Section 50401(a) shall include both of the followin, with citation guidance and answers to common questions.
§ 50702. The annual report required by Section 50401(a) shall include both of the followin
(a) The annual report required by Section 50401(a) shall include both of the following: (1) The number and the aggregate principal amount of closed residential mortgage loans secured by residential real estate in which the licensee provides brokerage services, as defined in this chapter. (2) The number and aggregate principal amount of residential mortgage loans made by the licensee under this division. (b) The sum total of the aggregate principal loan amounts reported in paragraphs (1) and (2) of subdivision (a) shall be deemed the aggregate principal amount of mortgage loans secured by residential real property originated by the licensee, for purposes of determining a licenseeâs annual assessment under subdivision (a) of Section 50401. (c) The commissioner shall provide copies of the annual reports required by subdivision (a) of Section 50401 to the Bureau of Real Estate upon request of the Real Estate Commissioner.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 50702
What does Public Contract Code - PCC § 50702 cover?
Section 50702 ("The annual report required by Section 50401(a) shall include both of the followin") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 50702?
A common citation format is "Public Contract Code - PCC § 50702" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 50702 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.