reglab/housing_qa huggingface dataset:
CA Fin Code § 13083 (2021)
2021 California Code|Financial Code - FIN|DIVISION 4.5 - AUTOMATED TELLER MACHINE SURCHARGE DISCLOSURE|Section 13083.

13083.  (a) Subject to the requirements of Section 13080, an agreement to operate or share an automated teller machine may not prohibit, limit, or restrict the right of the operator or owner of the automated teller machine to charge a customer conducting a transaction using an account from a financial institution that is located outside the United States an access fee or surcharge not otherwise prohibited under state or federal law.(b) Notwithstanding subdivision (a), nothing in this section shall be construed to prohibit or otherwise limit the ability of an operator or owner of an automated teller machine to voluntarily enter into an agreement regarding participation in a surcharge free network.(c) For purposes of this section, the terms “operator” and “automated teller machine” have the meanings set forth in Section 13020.(d) For the purposes of this section, the term “owner” means any entity that is not an operator under Section 13020, but that owns an automated teller machine.(Added by Stats. 2005, Ch. 256, Sec. 1. Effective January 1, 2006.)
CA Fin Code § 22801 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9.5 - Commercial Financing Disclosures|Section 22801.

22801.  This division does not apply to any of the following:(a) A provider that is a depository institution.(b) A provider that is a lender regulated under the federal Farm Credit Act (12 U.S.C. Sec. 2001 et seq.).(c) A commercial financing transaction secured by real property.(d) A commercial financing transaction in which the recipient is a dealer, as defined by Section 285 of the Vehicle Code, or an affiliate of such a dealer, or a vehicle rental company, or an affiliate of such a company, pursuant to a specific commercial financing offer or commercial open-end credit plan of at least fifty thousand dollars ($50,000), including any commercial loan made pursuant to such a commercial financing transaction.(e) Any person who makes no more than one commercial financing transaction in California in a 12-month period or any person who makes five or fewer commercial financing transactions in California in a 12-month period that are incidental to the business of the person relying upon the exemption.(Added by Stats. 2018, Ch. 1011, Sec. 2. (SB 1235) Effective January 1, 2019.)
CA Fin Code § 22802 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9.5 - Commercial Financing Disclosures|Section 22802.

22802.  (a) A provider subject to this division shall disclose all of the information in subdivision (b) or in Section 22803, if applicable, to a recipient at the time of extending a specific commercial financing offer to that recipient, and shall obtain the recipient’s signature on such a disclosure before consummating the commercial financing transaction.(b) Except as provided in Section 22803, a provider subject to this division shall disclose all of the following:(1) The total amount of funds provided.(2) The total dollar cost of the financing.(3) The term or estimated term.(4) The method, frequency, and amount of payments.(5) A description of prepayment policies.(6) The total cost of the financing expressed as an annualized rate.(c) This section shall remain in effect only until January 1, 2024, and as of that date is repealed.(Added by Stats. 2018, Ch. 1011, Sec. 2, 1st text. (SB 1235) Effective January 1, 2019. Repealed as of January 1, 2024, by its own provisions. See later operative version, the second text added by Stats. 2018, Ch. 1011, Sec. 2.)
CA Fin Code § 22802 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9.5 - Commercial Financing Disclosures|Section 22802.

22802.  (a) A provider subject to this division shall disclose all of the information in subdivision (b) or in Section 22803, if applicable, to a recipient at the time of extending a specific commercial financing offer to that recipient, and shall obtain the recipient’s signature on such a disclosure before consummating the commercial financing transaction.(b) Except as provided in Section 22803, a provider subject to this division shall disclose all of the following:(1) The total amount of funds provided.(2) The total dollar cost of the financing.(3) The term or estimated term.(4) The method, frequency, and amount of payments.(5) A description of prepayment policies.(c) This section shall become operative on January 1, 2024.(Repealed and added by Stats. 2018, Ch. 1011, Sec. 2, 2nd text. (SB 1235) Effective January 1, 2019. Section operative January 1, 2024, by its own provisions.)
CA Fin Code § 22803 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9.5 - Commercial Financing Disclosures|Section 22803.

22803.  (a) As an alternative to the disclosures required in subdivision (b) of Section 22802, a provider who offers commercial financing that is factoring or asset-based lending and that offers the recipient an agreement that describes the general terms and conditions of the commercial financing transaction that will occur under the agreement, may provide the following disclosures as an example of a transaction that could occur under the general agreement for a given amount of accounts receivables:(1) An amount financed.(2) The total dollar cost.(3) The term or estimated term.(4) The method, frequency, and amount of payments.(5) A description of prepayment policies.(6) The total cost of the financing expressed as an annualized rate.(b) This section shall remain in effect only until January 1, 2024, and as of that date is repealed.(Added by Stats. 2018, Ch. 1011, Sec. 2, 1st text. (SB 1235) Effective January 1, 2019. Repealed as of January 1, 2024, by its own provisions. See later operative version, the second text added by Stats. 2018, Ch. 1011, Sec. 2.)
CA Fin Code § 22803 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9.5 - Commercial Financing Disclosures|Section 22803.

22803.  (a) As an alternative to the disclosures required in subdivision (b) of Section 22802, a provider who offers commercial financing that is factoring or asset-based lending and that offers the recipient an agreement that describes the general terms and conditions of the commercial financing transaction that will occur under the agreement, may provide the following disclosures as an example of a transaction that could occur under the general agreement for a given amount of accounts receivables:(1) An amount financed.(2) The total dollar cost.(3) The term or estimated term.(4) The method, frequency, and amount of payments.(5) A description of prepayment policies.(b) This section shall become operative on January 1, 2024.(Added by Stats. 2018, Ch. 1011, Sec. 2, 2nd text. (SB 1235) Effective January 1, 2019. Section operative January 1, 2024, by its own provisions.)
CA Fin Code § 22804 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9.5 - Commercial Financing Disclosures|Section 22804.

22804.  (a) The commissioner shall adopt regulations governing the disclosures described in paragraphs (1) to (5), inclusive, of subdivision (b) of Section 22802 and paragraphs (1) to (5), inclusive, of subdivision (a) of Section 22803. Those regulations shall include all of the following:(1) Definitions, contents, or methods of calculations for each of the disclosure items set forth in each applicable paragraph of subdivision (b) of Section 22802 and subdivision (a) of Section 22803.(2) Requirements concerning the time, manner, and format of the applicable disclosures described in subdivision (b) of Section 22802 and subdivision (a) of Section 22803.(b) The commissioner shall adopt regulations concerning the annualized rate disclosure described in paragraph (6) of subdivision (b) of Section 22802 and paragraph (6) of subdivision (a) of Section 22803. Those regulations shall include all of the following:(1) A determination of the appropriate method to express the annualized rate disclosure and the types of fees and charges to be included in that calculation.(2) When providers shall be permitted to disclose an estimated annualized rate, and how such an estimate shall be calculated. The method of calculation determined by this paragraph shall specify the accuracy requirements and tolerance allowances for the calculation, and the types of fees and charges to be included in the calculation. (3) Requirements concerning the time, manner, and format of the disclosure.(c) A provider shall not be required to comply with the disclosure requirements of this division until the final regulations are adopted by the commissioner pursuant to this section and become effective on the applicable date described in Section 11343.4 of the Government Code.(Added by Stats. 2018, Ch. 1011, Sec. 2. (SB 1235) Effective January 1, 2019.)
CA Fin Code § 22805 (2021)
2021 California Code|Financial Code - FIN|DIVISION 9.5 - Commercial Financing Disclosures|Section 22805.

22805.  Any provider licensed under the California Financing Law (Division 9 (commencing with Section 22000)) as of the date that the final regulations adopted by the commissioner pursuant to Section 22804 become effective and from that point thereafter, shall be subject to examination and enforcement by the commissioner under California Financing Law (Division 9 (commencing with Section 22000)) for any violation of this division or any rule or order adopted pursuant to this division.(Added by Stats. 2018, Ch. 1011, Sec. 2. (SB 1235) Effective January 1, 2019.)
CA Fin Code § 24000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 10.5 - Financial Empowerment Fund|Section 24000.

24000.  (a) There is hereby established in the State Treasury the Financial Empowerment Fund. Notwithstanding Section 13340 of the Government Code, moneys in the fund are hereby continuously appropriated without regard to fiscal years to the Commissioner of the Department of Financial Protection and Innovation for purposes of the act.(b) Notwithstanding Section 13340 of the Government Code, the Controller shall, on July 1, 2020, transfer from the State Corporations Fund to the Financial Empowerment Fund the sum of four million dollars ($4,000,000) plus an amount estimated by the department to be the reasonable costs to administer the division.(c) The Commissioner of the Department of Financial Protection and Innovation shall use moneys in the Financial Empowerment Fund for allocation to fund financial education and financial empowerment programs and services for at-risk populations in California, as described in Section 24001. The commissioner may additionally use moneys in the Financial Empowerment Fund to cover its costs to administer this act.(Amended by Stats. 2021, Ch. 77, Sec. 3. (AB 137) Effective July 16, 2021. Repealed as of January 1, 2030, pursuant to Section 24002.)
CA Fin Code § 24002 (2021)
2021 California Code|Financial Code - FIN|DIVISION 10.5 - Financial Empowerment Fund|Section 24002.

24002.  (a) This division shall remain in effect only until January 1, 2030, and as of that date is repealed.(b) Upon the repeal of this division, the Controller shall transfer any moneys remaining in the Financial Empowerment Fund to the Financial Protection Fund.(Amended by Stats. 2021, Ch. 77, Sec. 5. (AB 137) Effective July 16, 2021. Repealed as of January 1, 2030, by its own provisions. Note: Repeal affects Division 10.5, commencing with Section 24000.)
CA Fin Code § 28000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 12 - COLLEGE LOANS|Section 28000.

28000.  (a) Pursuant to the authority contained in Section 1 of Article XV of the State Constitution, and subject to subdivision (b), educational institutions of collegiate grade are authorized to make loans or forbearances to finance student educational expenses including tuition, room, and board, and other costs of attendance or living at the institution, at rates not to exceed the higher of:(1) Ten percent per annum.(2) Five percent per annum plus the rate established by the Federal Reserve Bank of San Francisco on advances to member banks under Sections 13 and 13(a) of the Federal Reserve Act as now in effect or hereafter from time to time amended or, if there is no such single determinable rate of advances, the closest counterpart of this rate as shall be designated by the Commissioner of Financial Institutions of the State of California unless some other person or agency is delegated such authority by the Legislature. The date of determining the applicable rate established by the Federal Reserve bank shall be the 25th day of the month preceding the earlier of the date of execution of the contract to make the loan or forbearance, or the date of making the loan or forbearance.(b) Where the institution has obtained a loan specifically in order to make loans to finance student educational expenses, the rate of interest shall not exceed the lower of:(1) The rate determined pursuant to subdivision (a).(2) One percentage point in excess of the interest rate imposed upon the loan made to the institution, as of the date of execution of the contract to make the student loan to such extent the foregoing creates and authorizes a class of exempt persons pursuant to Section 1 of Article XV of the Constitution.(c) Solely with respect to loans or forbearances made by educational institutions of collegiate grade to their faculty or staff, secured by real property consisting of a residential dwelling, these institutions are hereby declared to be an exempt class of persons as this term is used in Section 1 of Article XV of the Constitution.(Amended by Stats. 1996, Ch. 1064, Sec. 618. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 28001 (2021)
2021 California Code|Financial Code - FIN|DIVISION 12 - COLLEGE LOANS|Section 28001.

28001.  This division shall not apply to community colleges.(Added by Stats. 1981, Ch. 176, Sec. 1.)
CA Fin Code § 29000 (2021)
2021 California Code|Financial Code - FIN|DIVISION 13 - PREMIUM FINANCING|Section 29000.

29000.  As used in this division, “premium financing” means engaging in the business of advancing money, directly or indirectly, to an insurer or producer at the request of an insured pursuant to the terms of a premium finance agreement, wherein the insured has assigned the unearned premiums, accrued dividends, or loss payments as security for such advancement in payment of premiums on insurance contracts only, and does not include the financing of insurance contract premiums purchased in connection with the financing of goods and services.(Added by Stats. 1971, Ch. 1103.)
CA Fin Code § 29001 (2021)
2021 California Code|Financial Code - FIN|DIVISION 13 - PREMIUM FINANCING|Section 29001.

29001.  As used in this division, “finance charge” means any amount which the insured agrees to pay in excess of the premium and fees charged by the insurer or producer, and exclusive of the cost of credit life insurance and attorney fees.(Added by Stats. 1971, Ch. 1103.)
CA Fin Code § 29002 (2021)
2021 California Code|Financial Code - FIN|DIVISION 13 - PREMIUM FINANCING|Section 29002.

29002.  As used in this division, “premium finance agreement” means a loan contract, note, agreement, or obligation by which an insured agrees to pay to a lender in installments the principal amount advanced by the lender to an insurer or producer in payment of premium on an insurance contract or contracts, plus charges, with the assignment, as security therefor, of the unearned premiums, accrued dividends, or loss payments.(Added by Stats. 1971, Ch. 1103.)
CA Fin Code § 29003 (2021)
2021 California Code|Financial Code - FIN|DIVISION 13 - PREMIUM FINANCING|Section 29003.

29003.  Any person engaged in premium financing may pay compensation to a licensed insurance agent or broker for arranging, directing or performing services in connection with a premium financing agreement; provided, that the premium financer shall maintain for inspection by the appropriate regulatory authority for a period of three years a statement, in a manner and form approved by the regulatory authority, setting forth the fees paid to individual insurance agents and brokers who are paid for services in connection with premium financing.(Added by Stats. 1971, Ch. 1103.)
CA Fin Code § 40500 (2021)
2021 California Code|Financial Code - FIN|DIVISION 19 - RELEASE OF DEMAND DEPOSIT FUNDS|Section 40500.

40500.  It is the intent of the Legislature that a financial institution shall not transfer funds from a depositor’s account unless authorization has been granted by that depositor. This division is declaratory of existing case law and is intended to codify the law for the convenience of the public, regulatory authorities, and financial institutions.(Added by Stats. 1985, Ch. 1057, Sec. 1.)
CA Fin Code § 40501 (2021)
2021 California Code|Financial Code - FIN|DIVISION 19 - RELEASE OF DEMAND DEPOSIT FUNDS|Section 40501.

40501.  In accordance with the implied contract existing between a financial institution and its depositor, no bank, savings association, credit union, or other financial institution operating in this state which maintains and services demand deposit accounts, including NOW accounts, may release any funds from those accounts to any person or entity who is not the account holder, unless the funds are released pursuant to the depositor’s authorization or in accordance with the law. This section does not apply to any setoff for a debt claimed to be owed to a bank, savings association, credit union, or other financial institution by a customer.(Added by Stats. 1985, Ch. 1057, Sec. 1.)
CA Fin Code § 51001 (2021)
2021 California Code|Financial Code - FIN|DIVISION 20.5 - EXCHANGE FACILITATORS|Section 51001.

51001.  (a) A person who engages in business as an exchange facilitator shall notify all existing exchange clients whose relinquished property is located in this state, or whose replacement property held under a qualified exchange accommodation agreement is located in this state, of any change in control of the exchange facilitator. That notification shall be provided within 10 business days of the effective date of the change in control by hand delivery, facsimile, electronic mail, overnight mail, or first-class mail, and shall be posted on the exchange facilitator’s Internet Web site for at least 90 days following the change in control. The notification shall set forth the name, address, and other contact information of the transferees.(b) For purposes of this section, “change in control” means any transfer of more than 50 percent of the assets or ownership interests, directly or indirectly, of the exchange facilitator.(Added by Stats. 2008, Ch. 708, Sec. 2. Effective January 1, 2009.)
CA Fin Code § 51003 (2021)
2021 California Code|Financial Code - FIN|DIVISION 20.5 - EXCHANGE FACILITATORS|Section 51003.

51003.  (a) A person who engages in business as an exchange facilitator shall at all times comply with one or more of the following:(1) Maintain a fidelity bond or bonds in an amount not less than one million dollars ($1,000,000), executed by an insurer authorized to do business in this state or an eligible surplus line insurer pursuant to Section 1765.1 of the Insurance Code.(2) Deposit an amount of cash or securities or irrevocable letters of credit in an amount not less than one million dollars ($1,000,000) in an interest-bearing deposit account or a money market account with the financial institution of the person’s choice. Interest on that amount shall accrue to the exchange facilitator.(3) Deposit all exchange funds in a qualified escrow account or qualified trust, as those terms are defined under Treasury Regulation 1.1031(k)-1(g)(3), with a financial institution and provide that any withdrawals from that escrow account or trust require that person’s and the client’s written authorization.(b) A person who engages in business as an exchange facilitator may maintain a bond or bonds or deposit an amount of cash or securities or irrevocable letters of credit in excess of the minimum required amounts.(c) If the person engaging in business as an exchange facilitator is listed as a named insured on one or more fidelity bonds that total at least one million dollars ($1,000,000), the requirements of this section shall be deemed satisfied.(Amended by Stats. 2011, Ch. 83, Sec. 2. (AB 315) Effective July 15, 2011. Operative July 21, 2011, by Sec. 34 of Stats. 2011, Ch. 83.)
CA Fin Code § 51005 (2021)
2021 California Code|Financial Code - FIN|DIVISION 20.5 - EXCHANGE FACILITATORS|Section 51005.

51005.  Any person claiming to have sustained damage by reason of the failure of a person engaging in business as an exchange facilitator to comply with this division may file a claim on the bonds, deposits, or letters of credit described in Section 51003 to recover the damages subject to the terms and conditions of the bonds, deposits, or letters of credit. The amounts of the bonds, deposits, or letters of credit shall be reduced to the extent of any payment made.(Amended by Stats. 2009, Ch. 568, Sec. 5. (SB 204) Effective January 1, 2010.)
CA Fin Code § 51007 (2021)
2021 California Code|Financial Code - FIN|DIVISION 20.5 - EXCHANGE FACILITATORS|Section 51007.

51007.  (a) A person who engages in business as an exchange facilitator shall at all times comply with either of the following:(1) Maintain a policy of errors and omissions insurance in an amount not less than two hundred fifty thousand dollars ($250,000), executed by an insurer authorized to do business in this state or an eligible surplus line insurer pursuant to Section 1765.1 of the Insurance Code.(2) Deposit an amount of cash or securities or irrevocable letters of credit in an amount not less than two hundred fifty thousand dollars ($250,000) in an interest-bearing deposit account or a money market account with the financial institution of the person’s choice. Interest on that amount shall accrue to the exchange facilitator.(b) A person who engages in business as an exchange facilitator may maintain insurance or deposit an amount of cash or securities or irrevocable letters of credit in excess of the minimum required amounts.(c) If the person engaging in business as an exchange facilitator is listed as a named insured on an errors and omissions policy of at least two hundred fifty thousand dollars ($250,000), the requirements of this section shall be deemed satisfied.(Amended by Stats. 2011, Ch. 83, Sec. 3. (AB 315) Effective July 15, 2011. Operative July 21, 2011, by Sec. 34 of Stats. 2011, Ch. 83.)