reglab/housing_qa huggingface dataset:
CA Fin Code § 1284 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 8 - Bank Holding Companies|Section 1284.

1284.  Each bank holding company and its subsidiaries shall be subject to examination by the commissioner. The commissioner may use, for this purpose, his or her own examiners or independent public accountants who are disinterested persons. In lieu of making an examination, the commissioner may accept the examination of any holding company made by any federal agency, any other agency of this state, or any agency of any other state of the United States and may examine any such holding company in conjunction with these agencies. If the commissioner examines a bank holding company or any of its subsidiaries, other than a domestic bank, using the commissioner’s own examiners, the bank holding company shall pay, within 10 days after receipt of a statement from the commissioner, a fee of two hundred dollars ($200) per day for each examiner engaged in the examination plus, in the event it is necessary for any examiner engaged in the examination to travel outside this state, the travel expenses of the examiner. If the commissioner examines a bank holding company or any of its subsidiaries, other than a domestic bank, using independent public accountants, the bank holding company shall pay, within 10 days after receipt of a statement from the commissioner, the fee of the independent public accountants.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1285 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 8 - Bank Holding Companies|Section 1285.

1285.  With respect to a trust company controlled by or under common control with a title insurance company, the commissioner in cooperation with the Insurance Commissioner shall adopt reasonable rules and regulations for the conduct of the inspection and examination authorized by Sections 1282 and 1284. Any such examination or inspection shall be conducted pursuant to the provisions of Article 4.7 (commencing with Section 1215) of Chapter 2 of Part 2 of Division 1 of the Insurance Code.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1286 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 8 - Bank Holding Companies|Section 1286.

1286.  Nothing in this chapter shall be construed to authorize the commissioner to require reports from a national bank or to examine a national bank contrary to federal law.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1287 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 8 - Bank Holding Companies|Section 1287.

1287.  Pursuant to the authority contained in Section 1 of Article XV of the California Constitution, the restrictions upon rates of interest contained in Section 1 of Article XV of the California Constitution shall not apply to any obligations of, loans made or arranged by, or forbearances of or arranged by, a bank holding company or a subsidiary of a bank holding company which is not a bank. As used in this section, the terms “bank holding company” and “subsidiary” mean a bank holding company or subsidiary as defined in Chapter 17 (commencing with Section 1841) of Title 12 of the United States Code.This section creates and authorizes an exempt class of persons pursuant to Section 1 of Article XV of the Constitution. This section does not exempt a bank holding company or a subsidiary of a bank holding company from complying with all other applicable provisions of law regulating the business of these companies.This section does not exempt a bank holding company or a subsidiary thereof from complying with all other laws or regulations governing the business in which the bank holding company or subsidiary is engaged.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1301 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 9 - Authorizations for Banks|Section 1301.

1301.  (a) Notwithstanding Section 726 of the Code of Civil Procedure or any other provision of law to the contrary, a state or nationally chartered bank, its subsidiaries or affiliates transacting business in this state, or any successor in interest thereto, that originates, acquires, or purchases, in whole or in part, any loan secured directly or collaterally, in whole or in part, by a mortgage or deed of trust on real property, or any interest therein, may bring an action for recovery of damages, including exemplary damages not to exceed 50 percent of the actual damages, against a borrower where the action is based on fraud under Section 1572 of the Civil Code and the fraudulent conduct by the borrower induced the original lender to make that loan.(b) The provisions of this section shall not apply to loans secured by single-family, owner-occupied residential real property, when the property is actually occupied by the borrower as represented to the lender in order to obtain the loan and the loan is for an amount of one hundred fifty thousand dollars ($150,000) or less, as adjusted annually, commencing on January 1, 1987, to the Consumer Price Index as published by the United States Department of Labor.(c) Any action maintained under this section for damages shall not constitute a money judgment for deficiency or a deficiency judgment within the meaning of Section 580a, 580b, or 580d of the Code of Civil Procedure.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1660 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 18 - Interstate Acquisitions|Section 1660.

1660.  This chapter does not apply to any of the following transactions:(a) An acquisition of control of a California state bank that requires the approval of the commissioner under Chapter 7 (commencing with Section 1250).(b) A sale or merger that requires the approval of the commissioner under Division 1.6 (commencing with Section 4800).(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1661 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 18 - Interstate Acquisitions|Section 1661.

1661.  Each application filed with the commissioner for an approval under this chapter shall be in the form, shall contain the information, shall be signed in the manner, and shall, if the commissioner requires by regulation or order, be verified in the manner that the commissioner may by regulation or order require.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1662 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 18 - Interstate Acquisitions|Section 1662.

1662.  The fee for filing with the commissioner an application for an approval under this chapter is two thousand five hundred dollars ($2,500).(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1663 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 18 - Interstate Acquisitions|Section 1663.

1663.  (a) The definitions that are set forth in or are applicable to Section 3(d) of the Bank Holding Company Act of 1956 (12 U.S.C. Sec. 1842(d)) apply to this section.(b) The commissioner may approve an acquisition by a bank holding company that is subject to Section 3(d)(2)(B) and (D)(ii) of the Bank Holding Company Act of 1956 (12 U.S.C. Sec. 1842(d)(2)(B) and (D)(ii)) if the commissioner finds that the acquisition is consistent with the public convenience and advantage in this state.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 1664 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.1 - BANKING|CHAPTER 18 - Interstate Acquisitions|Section 1664.

1664.  (a) The definitions that are set forth in or are applicable to Section 44 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831u) apply to this section.(b) This section does not apply if each bank involved in an interstate merger transaction (including each insured depository institution that is an affiliate of the surviving, resulting, or purchasing bank) that is organized under the laws of this state or that maintains a branch office in this state, is an industrial loan company (as defined in Section 4805.10).(c) The commissioner may approve an interstate merger transaction that is subject to Section 44(b)(2)(B) and (D)(ii) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831u(b)(2)(B) and (D)(ii)) if the commissioner finds that the transaction is consistent with the public convenience and advantage in this state.(Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.)
CA Fin Code § 2000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 1 - General Provisions|Section 2000.

2000.  This division shall be known and may be cited as the Money Transmission Act.(Amended by Stats. 2012, Ch. 356, Sec. 2. (SB 979) Effective January 1, 2013.)
CA Fin Code § 2001 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 1 - General Provisions|Section 2001.

2001.  The Legislature finds and declares all of the following:(a) Money transmission businesses conduct a significant amount of business in this state and technological advances are occurring in the provision of money transmission services, which have expanded money transmission to include the use of mobile applications, alternative point of sale systems, and other consumer payment systems.(b) Persons who use money transmission businesses in this state use those businesses for, among other purposes, paying for the necessities of life and transmitting money to family members.(c) The failure of money transmission businesses to fulfill their obligations would cause loss to consumers, disrupt the payments mechanism in this state, undermine public confidence in financial institutions doing business in this state, and adversely affect the health, safety, and general welfare of persons in this state.(d) To protect the interests of consumers of money transmission businesses in this state, to maintain public confidence in financial institutions doing business in this state, and to preserve the health, safety, and general welfare of the people of this state, it is necessary to regulate money transmission businesses in this state.(Amended by Stats. 2014, Ch. 499, Sec. 1. (AB 2209) Effective January 1, 2015.)
CA Fin Code § 2002 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 1 - General Provisions|Section 2002.

2002.  It is the intent of the Legislature that the provisions of this act accomplish all of the following:(a) Protect the interests of persons in this state who use money transmission services.(b) Provide for the safe and sound conduct of the business of licensees.(c) Maintain public confidence in licensees.(Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.)
CA Fin Code § 2011 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 2 - Exemptions|Section 2011.

2011.  (a) The commissioner may, by regulation or order, either unconditionally or upon specified terms and conditions or for specified periods, exempt from all or part of this division any person or transaction or class of persons or transactions, if the commissioner finds such action to be in the public interest and that the regulation of such persons or transactions is not necessary for the purposes of this division. The commissioner shall post on the commissioner’s Internet Web site a list of all persons, transactions, or classes of person or transactions exempt pursuant to this section, and the part or parts of this division from which they are exempt.(b) The commissioner shall adopt regulations to carry out and implement this section.(Amended by Stats. 2013, Ch. 533, Sec. 3. (AB 786) Effective January 1, 2014.)
CA Fin Code § 2030 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 3 - Licenses|Section 2030.

2030.  (a) A person shall not engage in the business of money transmission in this state, or advertise, solicit, or hold itself out as providing money transmission in this state, unless the person is licensed or exempt from licensure under this division or is an agent of a person licensed or exempt from licensure under this division.(b) A license under this division is not transferable or assignable.(Amended by Stats. 2012, Ch. 356, Sec. 6. (SB 979) Effective January 1, 2013.)
CA Fin Code § 2031 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 3 - Licenses|Section 2031.

2031.  Only the following persons may apply for or be issued a license:(a) A corporation or limited liability company organized under the laws of this state.(b) A corporation, other than a corporation organized under the laws of this state, that is qualified to transact intrastate business in this state under Chapter 21 (commencing with Section 2100) of Division 1 of Title 1 of the Corporations Code.(c) A limited liability company, other than a limited liability company organized under the laws of this state, that is qualified to transact intrastate business in this state under Article 8 (commencing with Section 17708.01) of the Corporations Code, except a limited liability company that is organized outside the United States shall not be issued a license.(Amended by Stats. 2014, Ch. 499, Sec. 4. (AB 2209) Effective January 1, 2015.)
CA Fin Code § 2033 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 3 - Licenses|Section 2033.

2033.  (a) The commissioner may conduct an examination of the applicant and the applicant shall pay the reasonable cost of the examination.(b) If the commissioner finds all of the following with respect to an application for a license, the commissioner shall approve the application:(1) The applicant has adequate tangible shareholders’ equity, as specified in Section 2040 to engage in the business of money transmission and the financial condition of the applicant is otherwise such that it will be safe and sound for the applicant to engage in the business of money transmission.(2) The applicant, the directors and officers of the applicant, any person that controls the applicant, and the directors and officers of any person that controls the applicant are of good character and sound financial standing.(3) The applicant is competent to engage in the business of money transmission.(4) The applicant’s plan for engaging in the business of money transmission affords reasonable promise of successful operation.(5) It is reasonable to believe that the applicant, if licensed, will engage in the business of money transmission and will comply with all applicable provisions of this division and of any regulation or order issued under this division.(c) The commissioner shall deny an application for a license if he or she finds, after notice and a hearing, that the requirements of subdivision (b) have not been satisfied.(Amended by Stats. 2012, Ch. 356, Sec. 8. (SB 979) Effective January 1, 2013.)
CA Fin Code § 2034 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 3 - Licenses|Section 2034.

2034.  (a) Before any corporation or limited liability company is issued a license, the corporation or limited liability company shall file with the commissioner, in such form as the commissioner may by regulation or order require, an appointment irrevocably appointing the commissioner to be the corporation’s or limited liability company’s attorney to receive service of any lawful process in any noncriminal judicial or administrative proceeding against the corporation or limited liability company, or any of its successors, that arises under this division or under any regulation or order issued under this division after such appointment has been filed, with the same force and validity as if served personally on the corporation or limited liability company or its successor, as the case may be.(b) Service may be made by leaving a copy of the process at any office of the commissioner, but that service is not effective unless (1) the party making that service, who may be the commissioner, sends notice of service and a copy of the process by registered or certified mail to the party served at its last address on file with the commissioner, and (2) an affidavit of compliance with this section by the party making service is filed in the case on or before the return date, if any, or within such further time as the court, in the case of a judicial proceeding, or the administrative agency, in the case of an administrative proceeding, allows.(c) The provisions of this section are in addition to, and not in limitation of, other provisions of law relating to service of process.(Amended by Stats. 2012, Ch. 356, Sec. 9. (SB 979) Effective January 1, 2013.)
CA Fin Code § 2036 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 3 - Licenses|Section 2036.

2036.  The commissioner may impose on any authorization, approval, license, or order issued pursuant to this division any conditions that are necessary for the safety and soundness of the licensee, or reasonable or necessary to maintain or enhance consumer protection. (Amended by Stats. 2014, Ch. 499, Sec. 6. (AB 2209) Effective January 1, 2015.)
CA Fin Code § 2038 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 3 - Licenses|Section 2038.

2038.  Fees shall be paid to, and collected by, the commissioner, as follows:(a) The fee for filing an application for a license is five thousand dollars ($5,000), as provided in subdivision (a) of Section 2032.(b) The fee for filing an application for approval to acquire control of a licensee is three thousand five hundred dollars ($3,500).(c) A licensee shall pay annually on or before July 1, a licensee fee of two thousand five hundred dollars ($2,500).(d) A licensee shall pay annually on or before July 1, one hundred twenty-five dollars ($125) for each licensee branch office in this state.(e) A licensee shall pay annually on or before July 1, twenty-five dollars ($25) for each agent branch office in this state.(f) Whenever the commissioner examines a licensee or any agent of a licensee, the licensee shall pay, within 10 days after receipt of a statement from the commissioner, a fee of seventy-five dollars ($75) per hour for each examiner engaged in the examination plus, if it is necessary for any examiner engaged in the examination to travel outside this state, the travel expenses of the examiner.(g) Whenever the commissioner examines an applicant, the applicant shall pay, within 10 days after receipt of a statement from the commissioner, a fee of seventy-five dollars ($75) per hour for each examiner engaged in the examination plus, if it is necessary for any examiner engaged in the examination to travel outside this state, the travel expenses of the examiner.(h) Each fee for filing an application shall be paid at the time the application is filed with the commissioner. No fee for filing an application shall be refundable, regardless of whether the application is approved, denied, or withdrawn.(Amended by Stats. 2014, Ch. 499, Sec. 7. (AB 2209) Effective January 1, 2015.)
CA Fin Code § 2040 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 3 - Licenses|Section 2040.

2040.  (a) An applicant shall possess, and a licensee shall maintain at all times, tangible shareholder’s equity of two hundred fifty thousand dollars ($250,000) to five hundred thousand dollars ($500,000), depending on estimated or actual transaction volume, as determined by the commissioner based on the factors described in subdivision (c).(b) The commissioner may increase the amount of net worth required of an applicant or licensee if the commissioner determines, with respect to the applicant or licensee, that a higher net worth is necessary to achieve the purposes of this division based on the factors described in subdivision (c).(c) When making a determination pursuant to subdivision (a) or (b), the commissioner shall consider the following factors:(1) The nature and volume of the projected or established business.(2) The number of locations at or through which money transmission is or will be conducted.(3) The amount, nature, quality, and liquidity of its assets.(4) The amount and nature of its liabilities.(5) The history of its operations and prospects for earning and retaining income.(6) The quality of its operations.(7) The quality of its management.(8) The nature and quality of its principals.(9) The nature and quality of the persons in control.(10) The history of its compliance with applicable state and federal law.(11) Any other factor the commissioner considers relevant.(d) The commissioner at any time may require a licensee to write down any asset held by it to a valuation that will represent its then fair market value. Any receivable or debt due to a licensee that is past due and unpaid for the period of one year shall be charged off, unless it is well secured or is in process of collection.(e) The aggregate value of a licensee’s accounts receivable, excluding money transmission receivables, loans or extensions of credit to any one person, or that person’s affiliates, cannot exceed 50 percent of the licensee’s tangible shareholders’ equity without the advanced written approval of the commissioner. Whenever such amount equals or exceeds 20 percent of the licensee’s tangible shareholders’ equity, the licensee shall maintain records evidencing such amount and any security or other source of payment for the amount owed, and such other records as the commissioner may require by order or regulation.(f) The commissioner shall adopt regulations to carry out and implement the factors described in subdivision (c).(Amended by Stats. 2013, Ch. 533, Sec. 4. (AB 786) Effective January 1, 2014.)
CA Fin Code § 2041 (2021)
2021 California Code|Financial Code - FIN|DIVISION 1.2 - MONEY TRANSMISSION ACT|CHAPTER 3 - Licenses|Section 2041.

2041.  (a) A licensee shall conduct money transmission in California under its true name unless it has complied with Chapter 5 (commencing with Section 17900) of Part 3 of Division 7 of the Business and Professions Code.(b) A licensee may only conduct money transmission in California under its true name unless it has provided 30-day advance written notice to the commissioner. A licensee may also use a trade name or logo, so long as there is reasonable disclosure of its true name.(Added by Stats. 2011, Ch. 243, Sec. 4. (SB 664) Effective January 1, 2012.)