“the SAFE Act requires applicants to submit to credit checks to determine if an applicant has demonstrated ‘financial responsibility, character, and general fitness such as to command the confidence of the community and to warrant a determination that applicants will operate honestly, fairly, and effectively”
Continue Reading First SAFE Act Mortgage Loan Originator Cases Coming
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Preventing Department of Insurance License Revocations
By Fredrick Ray on
Posted in Professional License Law
California’s insurance brokers are licensed and disciplined by the Insurance Commissioner through the Department of Insurance (DOI). It has been my experience that the Department of Insurance takes a firm stance in disciplining its licensees. In my view there are three reasons that account for this: 1) the Insurance Commissioner is an elected public official…