Statute of limitations extended for prosecution of unauthorized real estate practices
Penal Code §802
Amended by A.B. 1950
Effective date: January 1, 2013
The statute of limitations for prosecution of:
- the unauthorized practice of law;
- the unlicensed practice of real estate, including the unlicensed activities requiring a mortgage loan originator endorsement;
- a real estate licensee who collects an advance fee, lien or power of attorney in connection with negotiating or arranging a loan modification on a loan secured by a one-to-four unit residential property; and
- a real estate licensee negotiating or arranging a loan modification who fails to provide a disclosure to a borrower about the borrower’s ability to deal negotiate directly with the lender and to obtain free counseling services available from nonprofit housing counseling agencies;
have been extended from one year to three years from the later of the start or completion of the violation.
