California Code of Regulations › Title 21 - Public Works › Division 3 - California State Transportation Agency › Chapter 4 - Regulations Pursuant to the Housing Financial Discrimination Act of 1977 › Article 1 - General Provisions › Section 7101 - General Provisions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) These
				  regulations shall supersede Title 10, California Code of Regulations,
				  Subchapters 23 and 24, promulgated by the Savings and Loan Commissioner and
				  shall be known as California's Fair Lending Regulations.
(b) A reference in any provision of this
				  subchapter to a statute or to a regulation includes such statute or regulation
				  as amended, whether before or after the effective date of such provision, as
				  well as any new statute or regulation substituted for the statute or regulation
				  after the effective date of the provision.
(c) A reference in any provision of this
				  subchapter to a governmental agency or to a public officer includes any
				  governmental agency or public officer which succeeds after the effective date
				  of such provision to substantially the same functions as those performed by
				  such governmental agency or public officer on the effective date of the
				  provision.
(d) No provision of this
				  subchapter shall be construed to require by implication that the Secretary hold
				  a hearing on any matter.
(e)
				  (Reserved)
(f) The Secretary or the
				  Secretary's designee shall monitor compliance with the provisions of the Act
				  through examination reports, surveys, and other reports required by state or
				  federal law. Where existing reports are inadequate for assessing the financial
				  institution's records under this subchapter, the Secretary or Secretary's
				  designee may conduct other monitoring as necessary. The Commissioner of
				  Financial Institutions shall consider the record of a financial institution
				  licensed or chartered by the Commissioner of Financial Institutions with
				  respect to the intent of this subchapter whenever such a financial institution
				  applies for a new branch, a change in location, merger or
				  consolidation.
(g) The provisions
				  of this subchapter shall not apply to the purchase of loans or participations
				  therein that have been originated in compliance with the Act and these
				  regulations nor shall the purchaser of such loans be subject to the
				  requirements of these regulations solely by reason of such purchase.
1. Order of
					 Repeal of subsection (e) filed 6-3-85 by OAL pursuant to Government Code
					 Section
					 11349.7;
					 effective thirtieth day thereafter (Register 85, No. 26).
2. Change
					 without regulatory effect amending subsection (a) filed 1-10-96 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 96, No. 2).
3. Change without regulatory
					 effect amending subsection (f) filed 2-5-2002 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2002, No. 6).
Note: Authority cited: Section
						35814,
						Health and Safety Code. Reference: Sections
						35800-
						35833,
						Health and Safety Code.