CA AB2666

Exempts government employees and nonprofit organization employees from mortgage loan originator licensing requirements when they originate loans exclusively in their official capacity and meet specified conditions.

Requires individuals to obtain and maintain an annual mortgage loan originator license to engage in mortgage loan origination for dwellings in California, with exemptions for registered mortgage loan originators employed by depository institutions or Farm Credit Administration institutions.

Authorizes the Commissioner of Corporations to order unlicensed mortgage loan originators or violators to desist from business activities and prohibits payment of compensation to unlicensed individuals for activities requiring licensure.

Limits insurance producer requirements for mortgage loan originators registering with exempt companies to only those individuals who are also licensed insurance producers.

Expands the Commissioner's enforcement authority to deny or decline renewal of residential mortgage lender and mortgage loan originator licenses in addition to existing suspension and revocation powers.