reglab/statecodes huggingface dataset:
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 10 - Advertising › Section 1555 - "NO Brokerage": Limitations on Use. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Repealer
					 filed 5-16-84; effective thirtieth day thereafter (Register 84, No.
					 20).
Note: Authority cited: Sections
						22400 and
						24400,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 10 - Advertising › Section 1556 - Credit Instruments: Limitations

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) "Guaranteed loan offer" as used in this
				  section means an offer by a finance company that purports to be a firm offer or
				  guarantee or commitment that the finance company will make a loan to the
				  individual or individuals named in the offer.
(b) A finance company shall not be permitted
				  to make a guaranteed loan offer unless the following conditions are met:
(1) The complete offer package and any
				  related advertising copy (the "Package") have been submitted to the
				  Commissioner for examination and the Commissioner has notified the company in
				  writing that the use of the Package is not disapproved.
(2) The finance company makes the offer to an
				  individual or individuals specifically named in the offer. The finance company
				  may require each individual so named in the offer to be obligated on the
				  loan.
(3) The finance company
				  expressly agrees to make a loan or loans of any stated amount or amounts (or up
				  to a definitely stated or determinable maximum amount or amounts) at a rate or
				  rates not to exceed a stated annual percentage rate or rates, upon presentation
				  of the offer, and without any credit investigation.
(4) The finance company expressly agrees (A)
				  to make the loan without security or (B) to make a loan secured by personal
				  property as described in Section
				  22009 without considering the
				  value of or insuring the security.
(5) The offer is dated accurately as of the
				  date of issue and contains a termination date effective not more than 12 months
				  from the date of issuance by the finance company.
(6) The offer is not a facsimile of a check,
				  draft, bond, insurance policy, or any other form of commercial paper, which
				  would tend to be false, misleading or deceptive.
(7) The offer clearly shows that a loan and
				  repayment thereof, together with charges thereon, is involved.
(8) The offer specifies the location at which
				  the loan will be made.
(9) The
				  offer specifies that the finance company's loans are made pursuant to a
				  California Finance Lenders license.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 10 - Advertising › Section 1557 - "Blind" Advertising Prohibited

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
A licensee shall not use "blind" advertisements. "Blind"
					 advertising is an advertisement used to solicit business that gives only a
					 telephone number, post office or newspaper box number, or name other than that
					 of the licensee. For purposes of this section, a licensee includes a mortgage
					 loan originator.
1. New NOTE
					 filed 12-29-83; effective thirtieth day thereafter (Register 83, No.
					 53).
2. Amendment of NOTE filed 2-21-85; effective thirtieth day
					 thereafter (Register 85, No. 8).
3. Change without regulatory effect
					 amending NOTE filed 6-14-95 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 95, No. 24).
4. Amendment of section and NOTE
					 filed 4-1-2010 as an emergency; operative 7-31-2010 (Register 2010, No. 14). A
					 Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency
					 language will be repealed by operation of law on the following
					 day.
5. Editorial correction of HISTORY 4 (Register 2010, No.
					 40).
6. Amendment of section and NOTE refiled 9-28-2010 as an
					 emergency, including further amendments; operative 9-28-2010 (Register 2010,
					 No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010
					 or emergency language will be repealed by operation of law on the following
					 day.
7. Amendment of section and NOTE refiled 12-23-2010 as an
					 emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of
					 Compliance must be transmitted to OAL by 3-23-2011 or emergency language will
					 be repealed by operation of law on the following day.
8. Certificate
					 of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed
					 4-25-2011 (Register 2011, No. 17).
Note: Authority cited: Section
						22150,
						Financial Code. Reference: Sections
						22014,
						22150,
						22161,
						22163,
						22164,
						22165 and
						22755,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 10 - Advertising › Section 1558 - Advertising of Gifts: Limitations. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. Repealer
					 filed 5-16-84; effective thirtieth day thereafter (Register 84, No. 37). (Text
					 inadvertently not deleted during printing of Register 81, No.
					 49.)
Note: Authority cited: Sections
						22400 and
						24400,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 12 - Exceptions to Rules › Section 1570 - Exceptions to Rules

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The
				  following rules shall not apply to any consumer loan of a bona fide principal
				  amount of $10,000 or more or to a finance company in connection with any such
				  loan provided the provisions of this section are not used for the purpose of
				  evading the law or these rules: Sections
				  1433,
				  1434,
				  1445,
				  1447,
				  1448,
				  1449,
				  1450,
				  1453 to
				  1457,
				  1459,
				  1478,
				  1486 to
				  1495,
				  1497,
				  1498,
				  1510 to
				  1517,
				  1525 and
				  1535 to
				  1542.
(b) The following rules shall not apply to
				  any commercial loan of a bona fide principal loan amount of $5,000 or more or
				  to a finance company in connection with any such loan provided the provisions
				  of this section are not used for the purpose of evading the law or those rules:
				  Sections 1458,
				  1496, and the sections enumerated
				  in subsection (a) of this rule.
1. Amendment
					 filed 12-3-81; effective thirtieth day thereafter (Register 81, No.
					 49).
2. Amendment filed 12-29-83; effective thirtieth day thereafter
					 (Register 83, No. 53).
3. Amendment filed 2-21-85; effective
					 thirtieth day thereafter (Register 85, No. 8).
4. Change without
					 regulatory effect amending subsection (a), repealing and adding new subsection
					 (b) and amending NOTE filed 6-14-95 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 95, No. 24).
5. Amendment filed 8-4-98;
					 operative 9-3-98 (Register 98, No. 32).
Note: Authority cited: Section
						22150,
						Financial Code. Reference: Sections
						22150,
						22250,
						22550 and
						22500,
						Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 1 - General Provisions [Repealed] › Section 1580 - Notice of Changes to Finders: Reporting New or Change in Business Location of Finders. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						article 13 (subarticles 1-6, sections
						1580-1596), subarticle 1 (section
						1580) and section filed 3-3-2011
						as an emergency; operative 3-3-2011 (Register 2011, No. 9). A Certificate of
						Compliance must be transmitted to OAL by 8-30-2011 or emergency language will
						be repealed by operation of law on the following day.
2. Repealed by
						operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New article 13 (subarticles 1-6,
						sections 1580-1596), subarticle 1 (section
						1580) and section filed
						11-21-2011; operative 12-21-2011 (Register 2011, No. 47).
4.
						Repealer of article 13 (subarticles 1-6, sections
						1580-1596), subarticle 1 (section
						1580) and section filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  22356(b)(4)
						  and
						  22357,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 2 - Application and Registration [Repealed] › Section 1581 - Application Under the Affordable Credit-Building Opportunities Program: Form. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						subarticle 2 (sections
						1581-1582) and section filed
						3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No. 9). A
						Certificate of Compliance must be transmitted to OAL by 8-30-2011 or emergency
						language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New subarticle 2 (sections
						1581-1582) and section filed
						11-21-2011; operative 12-21-2011 (Register 2011, No. 47).
4.
						Amendment of subsections (b) and (c) and amendment of NOTE filed 1-7-2014;
						operative 1-7-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 2).
5. Repealer of subarticle 2 (sections
						1581-1582) and section filed
						7-17-2014; operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  31
						  and
						  494.5,
						  Business and Professions Code; and Sections
						  22349 and
						  22349.1,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 2 - Application and Registration [Repealed] › Section 1582 - Finder Registration: Form. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Amendment of section and NOTE
						filed 1-7-2014; operative 1-7-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 2).
5. Repealer filed 7-17-2014; operative
						7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  31
						  and
						  494.5,
						  Business and Professions Code; and Sections
						  22351 and
						  22357(a),
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 3 - Fees [Repealed] › Section 1583 - Application Fee. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						subarticle 3 (sections
						1583-1584) and section filed
						3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No. 9). A
						Certificate of Compliance must be transmitted to OAL by 8-30-2011 or emergency
						language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New subarticle 3 (sections
						1583-1584) and section filed
						11-21-2011; operative 12-21-2011 (Register 2011, No. 47).
4.
						Repealer of subarticle 3 (sections
						1583-1584) and section filed
						7-17-2014; operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22349,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 3 - Fees [Repealed] › Section 1584 - Annual Finder Registration Fee. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  22107(b),
						  22107(d)
						  and
						  22357(b),
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 4 - Reports [Repealed] › Section 1585 - Annual Report: Form. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						subarticle 4 (sections
						1585-1586) and section filed
						3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No. 9). A
						Certificate of Compliance must be transmitted to OAL by 8-30-2011 or emergency
						language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New subarticle 4 (sections
						1585-1586) and section filed
						11-21-2011; operative 12-21-2011 (Register 2011, No. 47).
4.
						Repealer of subarticle 4 (sections
						1585-1586) and section filed
						7-17-2014; operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Sections
						  22150 and
						  22159,
						  Financial Code. Reference: Sections
						  22159,
						  22349.2,
						  22357(c)
						  and
						  22715,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 4 - Reports [Repealed] › Section 1586 - Additional Information Required to Complete the Annual Report. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  22349.2,
						  22352,
						  22357 and
						  22361,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 5 - Credit Education Programs and Seminars [Repealed] › Section 1587 - Approval by the California Corporations Commissioner. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						subarticle 5 (sections
						1587-1588) and section filed
						3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No. 9). A
						Certificate of Compliance must be transmitted to OAL by 8-30-2011 or emergency
						language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New subarticle 5 (sections
						1587-1588) and section filed
						11-21-2011; operative 12-21-2011 (Register 2011, No. 47).
4.
						Repealer of subarticle 5 (sections
						1587-1588) and section filed
						7-17-2014; operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22352,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 5 - Credit Education Programs and Seminars [Repealed] › Section 1588 - Licensee's Evidence of Compliance with Education Offer. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22352,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 6 - Books, Records and Examinations [Repealed] › Section 1589 - Licensee's Evidence of Compliance with Credit Reporting and Underwriting Standards. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						subarticle 6 (sections
						1589-1596) and section filed
						3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No. 9). A
						Certificate of Compliance must be transmitted to OAL by 8-30-2011 or emergency
						language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New subarticle 6 (sections
						1589-1596) and section filed
						11-21-2011; operative 12-21-2011 (Register 2011, No. 47).
4.
						Repealer of subarticle 6 (sections
						1589-1596) and section filed
						7-17-2014; operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22352,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 6 - Books, Records and Examinations [Repealed] › Section 1590 - Licensee's Duty to Verify Status of Finder Prior to Compensation. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22356(b)(4),
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 6 - Books, Records and Examinations [Repealed] › Section 1591 - Notice to Applicant Concerning Loan Interest and Right to Rescind. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22352,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 6 - Books, Records and Examinations [Repealed] › Section 1592 - Disclosure Notice to Applicant and to Borrower. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22355,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 6 - Books, Records and Examinations [Repealed] › Section 1593 - Books and Records of Finders: Standard for Keeping and Retention Period. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  22352,
						  22354,
						  22355,
						  22356 and
						  22358,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 6 - Books, Records and Examinations [Repealed] › Section 1594 - Services of Finders. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  22354(a)
						  and
						  22355(a),
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 6 - Books, Records and Examinations [Repealed] › Section 1595 - Counseling or Advice: Prohibited by Finder. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  22354(a)(2)
						  and
						  22354(b)(1),
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 13 - Pilot Program for Affordable Credit-Building Opportunities [Repealed] › Subarticle 6 - Books, Records and Examinations [Repealed] › Section 1596 - List of Borrowers: Survey. [Repealed]

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
1. New
						section filed 3-3-2011 as an emergency; operative 3-3-2011 (Register 2011, No.
						9). A Certificate of Compliance must be transmitted to OAL by 8-30-2011 or
						emergency language will be repealed by operation of law on the following
						day.
2. Repealed by operation of Government Code section
						11346.1(g)
						(Register 2011, No. 47).
3. New section filed 11-21-2011; operative
						12-21-2011 (Register 2011, No. 47).
4. Repealer filed 7-17-2014;
						operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22361,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 1 - General Provisions › Section 1600 - Notice of Changes to Finders: Reporting New or Change in Business Location of Finders

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A
					 licensee shall report any change to the information contained in the finder
					 registration form to the Commissioner within fifteen (15) days of the change.
					 The notice shall be in writing and signed by the licensee.
(b) Any change in the business location of a
					 finder registered with the Department, including a new location, shall include
					 in the notice the physical address of the new or changed business location, the
					 physical address of the previous business location, the effective date of the
					 change, and the name and contact information, including telephone number, of an
					 employee or employees of the finder who is or are responsible for the
					 activities of the finder at that new or changed business location.
1. New
						article 14 (subarticles 1-6, sections
						1600-1618), subarticle 1 (sections
						1600-1601) and section filed
						7-17-2014; operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  22374 and
						  22375,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 1 - General Provisions › Section 1601 - Branch Manager

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) No
					 licensee shall permit a branch manager to be responsible for more than one
					 branch location without the approval of the Commissioner as provided in
					 Financial Code Section
					 22378.
(b) A licensee shall file with the
					 Commissioner a request to appoint one or more branch managers with
					 responsibility for multiple branch locations. The request shall include the
					 name of the branch manager and the branch address locations, and the
					 information in Financial Code Section
					 22378 to
					 allow the Commissioner to make a finding on the request.
(c) Within 15 calendar days from the receipt
					 of a request, the Commissioner shall make a finding and inform the licensee in
					 writing that the request is approved and if disapproved, the reason(s) for
					 disapproval.
(d) The Commissioner
					 may authorize a licensee participating in the pilot program to appoint the same
					 branch manager to manage branch locations at which pilot program loans and
					 non-pilot program loans are offered, subject to the Commissioner's review and
					 approval, and upon a finding by the Commissioner that the terms of the
					 non-pilot program loans, the nature of their underwriting, the disclosures
					 provided to borrowers who obtain these non-pilot loans, and any other
					 information the Commissioner deems necessary, does not require a unique branch
					 manager to ensure consumer protection.
1. New
						section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code
						section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22378,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 3 - Fees › Section 1604 - Application Fee

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The
					 non-refundable filing fee for an application under the Increased Access to
					 Responsible Small Dollar Loans pilot program shall be the amount set forth in
					 subsection (b), and paid to the Department of Business Oversight at the time
					 the application is filed with the Commissioner.
(b) Filing Fee
NUMBER OF LICENSED FINANCE
								LENDER LOCATIONS
APPLICATION
								FEE
1 to 10
$250
11 to 50
$450
51 to 100
$650
Over 100
$850
1. New
						subarticle 3 (sections
						1604-1605) and section filed
						7-17-2014; operative 7-17-2014 pursuant to Government Code section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22366,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 3 - Fees › Section 1605 - Annual Finder Registration Fee

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The annual finder registration fee shall
					 be based on the number of finders used by a licensee. The annual finder
					 registration fee shall be the sum of the amounts set forth in subsection (d)
					 for each finder used by the licensee as reported to the Commissioner at the
					 time of notification of the annual finder registration fee in subsection
					 (b).
(b) On or before the 30th day
					 of September in each year, the Commissioner shall notify each licensee by mail
					 of the amount of the annual finder registration fee and that amount shall be
					 paid to the Commissioner by October 31st. If payment is not made by October
					 31st, the Commissioner shall assess and collect a penalty, in addition to the
					 fee, of 1 percent of the fee for each month or part of a month that the payment
					 is delayed or withheld.
(c) If a
					 licensee fails to pay the annual finder registration fee on or before the 31st
					 day of October, the Commissioner may terminate the licensee's authority to use
					 the services of finders.
(d) Annual
					 Finder Fee
IF A FINDER HAS THE
								FOLLOWING NUMBER OF LOCATIONS:
THE ANNUAL
								FEE FOR THAT FINDER IS:
Less than 10
$100
11 to 30
$150
31 to 50
$200
51 to 100
$250
101 to 200
$300
201 to 1000
$500
Over 1000
$1000
1. New
						section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code
						section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Sections
						  22107 and
						  22375,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 4 - Reports › Section 1607 - Additional Information Required to Complete the Annual Report

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A licensee
					 shall obtain and keep for every loan the following additional information, for
					 purposes of reporting information in the annual report:
(1) Credit scores from at least one consumer
					 reporting agency for each borrower who obtained more than one program loan
					 (Section 22380, subdivision (d)(6), of the
					 Financial Code),
(2) Income
					 distribution for each borrower, including the number of borrowers who obtained
					 at least one program loan and who resided in a low-to-moderate-income census
					 tract at the time of their loan application (Section
					 22380, subdivision (d)(7), of the
					 Financial Code), defined as a distressed/underserved tract under the federal
					 Community Reinvestment Act (12 U.S.C. 2901) and based on
					 census tract data published by the Federal Financial Institutions Examination
					 Counsel.
(3) Borrowers' primary
					 purpose in obtaining the loan, based on borrower responses at the time of the
					 loan applications, as follows (Section
					 22380, subdivision (d)(8), of the
					 Financial Code):
(A) Medical.
(B) Other emergency.
(C) Vehicle repair.
(D) Vehicle purchase.
(E) To pay bills.
(F) To consolidate debt.
(G) To build or repair credit
					 history.
(H) To finance a purchase
					 of goods or services other than a vehicle.
(I) For other than personal, family, or
					 household purposes.
(J)
					 Other.
(4) Whether the
					 borrower self-reported that he or she had or did not have a bank account at the
					 time of the loan application, and if the borrower had a bank account, whether
					 the borrower self-reported that he or she used check-cashing services (Section
					 22380, subdivision (d)(9), of the
					 Financial Code) or payday loan services,
(5) Language in which the loan was negotiated
					 orally or in writing, and whether the credit education program or seminar
					 offered by the licensee was offered in that language, and
(6) If known, whether the borrower attended a
					 credit education program or seminar offered by the
					 licensee.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 5 - Credit Education Programs and Seminars › Section 1608 - Approval by the Commissioner

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
					 A licensee shall either offer a credit education program or seminar to the
					 borrower, or invite the borrower to a credit education program or seminar
					 offered by an independent third party.
(b) The content of the credit education
					 program or seminar shall provide information to help borrowers understand,
					 build and manage consumer credit, including but not limited to:
(1) Information on how installment loans
					 work, loan payment and interest charges,
(2) Credit scores and the effect of credit
					 scores on future financial decisions, costs of credit, and the effect of late
					 or missed payments on credit scores,
(3) Understanding the credit reporting
					 system, and
(4) Best practices for
					 establishing and building good credit.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 5 - Credit Education Programs and Seminars › Section 1609 - Licensee's Evidence of Compliance with Education Offer

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A licensee shall offer in writing, and at
					 no cost to the borrower, a credit education program or seminar, and provide the
					 borrower with a list of one or more available credit education programs or
					 seminars. The written offer shall include the name of the program or seminar,
					 location of the program or seminar offered, and language in which the program
					 or seminar is offered to the borrower. The licensee shall have the borrower
					 initial and date the written offer, and the licensee shall retain a copy of the
					 written offer with the borrower's initials and date acknowledging receipt in
					 the file.
(b) A licensee shall
					 include a copy of the written offer of a credit education program or seminar
					 with any late notice provided to a borrower.
1. New
						section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code
						section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22370,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 6 - Books, Records and Examinations › Section 1610 - Licensee's Evidence of Compliance with Consumer Reporting and Underwriting Standards

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
					 A licensee shall retain for every loan the following documents for purposes of
					 compliance with consumer reporting and loan underwriting standards:
(1) Evidence that the payment performance of
					 each borrower, on every loan made to that borrower, is being reported to one or
					 more of the consumer reporting agencies in the United States under subdivision
					 (f)(2) of Section
					 22370 of
					 the Financial Code, and that each borrower is provided with the name of the
					 consumer reporting agency or agencies to which the borrower's payment history
					 will be reported to under subdivision (f)(3) of that same code
					 section.
(2) All evidence of loan
					 underwriting under Section
					 22370, subdivision (f)(4), of the
					 Financial Code, including a copy of any information obtained through electronic
					 means or relied upon in underwriting the loan.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 6 - Books, Records and Examinations › Section 1611 - Licensee's Duty to Verify Status of Finder Prior to Compensation

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) Before paying
					 any finder, a licensee shall verify that the finder has not been barred from
					 providing services at that location by the Commissioner.
(b) The status of a finder is available at
					 the Department's Web site at
www.dbo.ca.gov
.
(c) A licensee shall be on notice that the
					 licensee's finder has been barred upon issuance of an order by the Commissioner
					 barring that finder from the specified location(s).
1. New
						section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code
						section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22374,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 6 - Books, Records and Examinations › Section 1612 - Disclosure to Applicant Concerning Loan Interest and Right to Rescind

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A licensee
					 shall at the time of application provide the applicant with written disclosure
					 concerning the terms of the loan and the applicant's right to rescind the loan
					 as required under Section
					 22370,
					 subdivision (a)(3), of the Financial Code.
(b) The disclosure required in Financial Code
					 Section
					 22370,
					 subdivision (a)(3), shall include the following statement: "This loan is made
					 under the Pilot Program for Increased Access to Responsible Small Dollar
					 Loans."
(c) The licensee shall have
					 the applicant initial and date the written disclosure to acknowledge receipt,
					 and the licensee shall retain in the file a copy of the disclosure with the
					 applicant's initials and date acknowledging receipt.
(d) Alternatively, if the disclosure is
					 provided to an applicant by mobile or other electronic application, the
					 licensee shall use procedures established by the licensee to document
					 compliance with the requirements in Financial Code Section
					 22370, subdivision
					 (a)(4).
1. New
						section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code
						section
						11343.4(b)(3)
						(Register 2014, No. 29).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22370,
						  Financial Code.
California Code of Regulations › Title 10 - Investment › Chapter 3 - Commissioner of Financial Protection and Innovation › Subchapter 6 - California Financing Law › Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans › Subarticle 6 - Books, Records and Examinations › Section 1613 - Disclosure Notice to Applicant and to Borrower

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) At the time a finder receives or
					 processes an application, the finder shall have the applicant initial and date
					 as of that day the disclosure notice required under Section
					 22373,
					 subdivision (a), of the Financial Code, acknowledging receipt. The finder shall
					 provide a copy of the disclosure notice to the applicant and retain in the file
					 the original disclosure notice with the applicant's initials and date
					 acknowledging receipt.
(b) The
					 licensee shall provide a copy of the disclosure notice in subsection (a) to the
					 borrower within two weeks following the date of the loan consummation, using
					 procedures established by the licensee to document compliance with the
					 requirements in subdivision (d) of Section
					 22373 of the Financial
					 Code.
1. New
						section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code
						section
						11343.4(b)(3)
						(Register 2014, No. 29).
2. Amendment of subsection (b) filed
						5-10-2022; operative 7-1-2022 (Register 2022, No.
						19).
Note: Authority cited: Section
						  22150,
						  Financial Code. Reference: Section
						  22373,
						  Financial Code.