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 2 - Application and Registration › Section 1603 - Finder Registration: Form

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) A licensee shall notify the Commissioner
					 within 15 days of entering into a contract with a finder on the form set forth
					 in subsection (c).
(b) Within 15
					 calendar days from the receipt of the finder registration form, the
					 Commissioner shall inform the licensee in writing that the registration is
					 complete and that use of the finder by the licensee is accepted or rejected,
					 and if rejected, the reason(s) for the rejection; or that the registration is
					 deficient and specify what information is required to complete the
					 registration. A licensee shall not use an unregistered finder or a finder that
					 has been rejected by the Commissioner.
(c) Registration of a finder under the
					 Increased Access to Responsible Small Dollar Loans program shall be submitted
					 to the Commissioner on the following form:
NOTIFICATION TO COMMISSIONER OF FINANCIAL
						PROTECTION AND INNOVATION OF FINDER REGISTRATION
(Required under Section
						22375 of
						the Financial Code) Instructions:
* The finder registration form may be obtained from the
						following offices of the Department of Financial Protection and Innovation and
						from the Web site at
www.dfpi.ca.gov
. The
						office locations are:
320 W. 4th
								Street, Suite 750
Los Angeles, CA 90013
One Sansome Street, Suite 600
San
								Francisco, CA 94104
2101 Arena Blvd
Sacramento, CA
								95834
1350 Front Street, Room 2034
San
								Diego, CA 92101
* Questions regarding completing and filing a finder
						registration form should be directed to 213-576-7690.
* Completed finder registration forms must be filed with
						the Los Angeles Office.
* Within 15 calendar days from the receipt of the finder
						registration form, the Commissioner of Financial Protection and Innovation
						(Commissioner) shall inform the licensee in writing, that the registration is
						complete and the finder is accepted to participate in the program or rejected,
						and if rejected, the reason(s) for rejection; or that the registration is
						deficient and specify what information is required to complete the
						registration.
1. Name of Licensee:
___________________________
2. Licensee's Business Address:
___________________________
___________________________
3. CFL License Number:
					 _______________
4. Name of Finder:
___________________________
5. List all Fictitious Business Names used by
					 the Finder:
___________________________
___________________________
___________________________
6. Finder's Main Business Address:
___________________________
___________________________
___________________________
7. Is the Finder registered with the
					 California Secretary of State? Yes [] No []
8. Finder's type of business entity
					 (Corporation, Limited Liability Company, Limited Partnership, General
					 Partnership, or Limited Liability Partnership):
9. List all types of business activities
					 conducted by the finder outside the authority of the California Financing Law:
___________________________
___________________________
___________________________
___________________________
___________________________
10. In the table below, list all government
					 entities that regulate the finder's business activities, including all
					 corresponding license, permit, and registration numbers, status, and expiration
					 dates:
Government
								Entity
Finder's License, Permit, or Registration
								Number
Status of Finder's License, Permit, or
								Registration
Expiration Date of Finder's License,
								Permit, or Registration
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
11. In the table below, provide information
					 for each instance where the finder has been subject to disciplinary action by a
					 government entity:
Government
								Entity
Date of Disciplinary Action Against the
								Finder
Status of Disciplinary
								Action
Reason for Disciplinary Action
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
12. Have you entered into a written agreement
					 with the finder as required under Section
					 22376 of
					 the Financial Code? Yes [] No []
13. Does the written agreement include a
					 provision that the finder agrees to comply with all regulations established by
					 the Commissioner concerning the activities of finders as required under Section
					 22376 of
					 the Financial Code? Yes [] No []
14. Does the written agreement include a
					 provision that the finder agrees to provide the Commissioner access to all of
					 the finder's books and records pertaining to the finder's operations under the
					 agreement with the licensee? Yes [] No []
15. Provide the following information for an
					 employee of the finder who is knowledgeable about, and has the authority to
					 execute, the contract governing the business relationship between the finder
					 and the licensee:
Name:
___________________________
Address:
___________________________
Telephone Number:
___________________________
Email:
___________________________
16. Complete Exhibit A identifying the
					 business addresses of all locations at which the finder will perform the
					 services described in Section
					 22372, subdivisions (a) and (b),
					 of the Financial Code. Any subsequent locations or changes to locations or
					 other information contained in the finder registration form must be reported to
					 the Commissioner in accordance with Title 10 of the California Code of
					 Regulations, Section
					 1600.
17. Complete Exhibit B providing the name,
					 title, physical business location, telephone number, and email of each employee
					 of the finder who is responsible for that finder's finding activities on behalf
					 of the licensee at each of its locations. If different employees are
					 responsible for different locations, provide the name and contact information
					 of the employee responsible for each location. If one employee is responsible
					 for the finder's activities, provide the name and contact information of the
					 employee for all locations.
18.
					 Complete Exhibit C identifying the services and activities that the finder will
					 perform for the licensee at the finder's physical location for business. Will
					 any of the finders listed in Exhibit C perform additional services authorized
					 under Section
					 22372, subdivision (b) of the
					 Financial Code?
Yes [] (If yes, please provide the licensing details for
						finders performing additional services, as specified and where indicated in
						Exhibit C.)
No []
19. Attach a copy of the written agreement
					 with the finder, marked as Exhibit D. The licensee has duly caused this
					 registration to be signed on its behalf by the undersigned, thereunto duly
					 authorized.
The undersigned, on behalf of the licensee, acknowledges
						that this registration and all exhibits thereto are subject to public
						inspection pursuant to Section
						250.9.1, Chapter 3, Title 10,
						California Code of Regulations. A request for confidentiality of certain
						documents may be requested pursuant to Section
						250.10. If a request for
						confidential treatment is granted (or denied), the person making such request
						will be notified in writing.
I declare under penalty of perjury that I have read the
						foregoing registration, including all exhibits attached thereto, or filed
						therewith, and know the contents thereof, and that the statements therein are
						true and correct.
___________________________
(Licensee)
Executed at___________________________
___________________________
(City, County, and State)
(Signature of
								Declarant)
Date
								___________________________
___________________________
(Typed Name of Declarant)
___________________________
(Title)
EXHIBIT A
Business addresses of all locations at which the finder
						will perform the services described in Section
						22372, subdivisions (a) and (b),
						of the Financial Code:
Street
								Address
City
State
Zip
								Code
___________________________
___________________________
___________________________
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___________________________
___________________________
___________________________
___________________________
___________________________
EXHIBIT B
Name and contact information of each employee of the
						finder who is responsible for that finder's finding activities on behalf of the
						licensee at each of the locations:
Name of
								Employee
Title
Physical
								Business Location
Telephone
								No.
Email
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
___________________________
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___________________________
___________________________
EXHIBIT C
Licensee Name:___________________________
___________________________ License No:
Services that a finder may perform for the licensee
						at the finder's physical location for business in accordance with Section
						22372, subdivision (a), of the
						Financial Code. Please check the box for the type of services that the finder
						will perform for the licensee:
[] Distributing, circulating, using, or publishing
						preprinted brochures, flyers, factsheets, or other written materials relating
						to loans that the licensee may make or negotiate and that have been reviewed
						and approved in writing by the licensee prior to their being distributed,
						circulated, or published.
[] Providing written factual information about loan
						terms, conditions, or qualification requirements to a prospective borrower that
						has been either prepared by the licensee or reviewed and approved in writing by
						the licensee. A finder may discuss that information with a prospective borrower
						in general terms, but may not provide counseling or advice to a prospective
						borrower.
[] Notifying a prospective borrower of the information
						needed in order to complete a loan application without providing counseling or
						advice to a prospective borrower.
[] Entering information provided by the prospective
						borrower on a preprinted or electronic application form or onto a preformatted
						computer database without providing counseling or advice to a prospective
						borrower.
[] Assembling credit applications and other materials
						obtained in the course of a credit application transaction for submission to
						the licensee.
[] Contacting the licensee to determine the status of a
						loan application.
[] Communicating a response that is returned by the
						licensee's automated underwriting system to a borrower or a prospective
						borrower.
[] Obtaining a borrower's signature on documents prepared
						by the licensee, delivering the final copies of the documents to the borrower,
						and returning the signed original documents to the licensee.
A licensed or regulated finder may provide
						additional services on behalf of the licensee, in accordance with Section
						22372, subdivision (b), of the
						Financial Code, IF the finder is licensed or regulated under any one of the
						federal or state laws specified in Section
						22372, subdivision (b). Please
						check the box for the type of additional services the finder will provide for
						the licensee.
[] Disbursing loan proceeds to a borrower, if this method
						of disbursement is acceptable to the borrower. A finder that disburses loan
						proceeds to a borrower shall deliver or cause to be delivered to the borrower
						at the time loan proceeds are disbursed a plain and complete receipt, in
						accordance with Section
						22372, subdivision
						(b)(1)(B).
[] Receiving loan payment or payments from the borrower,
						if this method of payment is acceptable to the borrower. A finder that receives
						loan payments shall deliver or cause to be delivered to the borrower at the
						time that the payment is made by the borrower, a plain and complete receipt, in
						accordance with Section
						22372, subdivision
						(b)(2)(B).
[] Providing any notice or disclosure required to be
						provided to the borrower by the licensee, other than the notice required to be
						provided by the licensee to the borrower pursuant to subdivision (d) of Section
						22373. A licensee that uses a
						finder to provide notices or disclosures to borrowers shall maintain a record
						of which notices and disclosures each finder provides to borrowers on its
						behalf, for the purposes of facilitating the commissioner's examination of the
						licensee.
If the finder will provide the additional services
						in Section
						22372, subdivision (b), please
						check the box next to the federal or state law under which the finder is
						licensed or regulated and also provide the information requested.
___________________________
[] Division 1.1 of the Financial Code, commencing with
						Section 1000, the "Banking Law." List the
						name and address of the bank or trust company and its charter number and
						issuance date: ___________________________
[] Division 1.2 of the Financial Code, commencing with
						Section 2000, the "Money Transmission
						Act." List the name and address of the licensee, license number, and effective
						date(s) of license: ___________________________
[] Division 3 of the Financial Code, commencing with
						Section 12000, the "Check Sellers, Bill
						Payers and Proraters Law." List the name and address of the licensee, license
						number, and effective date(s) of license: ___________________________
[] Division 5 of the Financial Code, commencing with
						Section 14000, the "California Credit
						Union Law." List the name and address of the credit union, charter number and
						issuance date: ___________________________
[] Division 6 of the Financial Code, commencing with
						Section 17000, the "Escrow Law." List the
						name and address of the licensee, license number, and effective date(s) of
						license: ___________________________
[] Division 7 of the Financial Code, commencing with
						Section 18000, the "Industrial Loan Law,"
						List the name and address of the licensee, license number, and effective
						date(s) of license: ___________________________
[] Division 8 of the Financial Code, commencing with
						Section 21000, regarding those engaged in
						the pawnbroker business. List the name and address of the licensee, license
						number, issuing authority, and effective date(s) of license:
						___________________________
[] Division 10 of the Financial Code, commencing with
						Section 23000, the "California Deferred
						Deposit Transaction Law." List the name and address of the licensee, license
						number, and effective date(s) of license: ___________________________
[] Division 20 of the Financial Code, commencing with
						Section 50000, the "California Residential
						Mortgage Lending Act." List the name and address of the licensee, type of
						license (mortgage lender and/or servicer), license number, and effective
						date(s) of license: ___________________________
[] Chapter 5 of Part 2 of Division 1 of the Insurance
						Code, commencing with Section
						1621, regarding the licensure and
						regulation of those engaged in the insurance industry. List the name and
						address of the licensee, type of insurance license (agent, broker, etc.),
						license number, and effective date(s) of license:
						___________________________
[] Chapter 1 (commencing with Section
						5000) of Division 3 of the
						Business and Professions Code, regarding accountants. List the name and address
						of the licensee, license number, and effective date(s) of license:
						___________________________
[] An approved agent of a person licensed pursuant to
						Division 1.2 of the Financial Code, commencing with Section
						2000, the "Money Transmission
						Act." List the name, address and contact information of the approved agent, the
						date the agent was approved as an agent of a money transmitter, and the name,
						address and contact information of the licensed money transmitter:
						___________________________
[] A federally regulated bank, thrift or credit union.
						List the name and address of the federally regulated bank, thrift or credit
						union, the chartering authority, charter number and issuance date:
						___________________________
Services or activities that a finder shall not
						engage in, in accordance with Section
						22372, subdivision (c), of the
						Financial Code:
1. Providing
					 counseling or advice to a borrower or prospective borrower.
2. Providing loan-related marketing material
					 that has not previously been approved by the licensee to a borrower or a
					 prospective borrower.
A person who performs any of the following
						activities is a broker within the meaning of Section
						22004 of
						the Financial Code and is required to obtain a broker's license:
1. Negotiating the price, length, or any
					 other loan term between a licensee and a prospective borrower.
2. Advising either a prospective borrower or
					 a licensee as to any loan term.
3.
					 Offering information pertaining to a single prospective borrower to more than
					 one licensee, except that, if a licensee has declined to offer a loan to a
					 prospective borrower and has so notified that prospective borrower in writing,
					 the person may then offer information pertaining to a single prospective
					 borrower to another licensee with which it has a finder's agreement.
4. Personally contacting or providing
					 services to a borrower or prospective borrower at any place other than a
					 finder's physical location for business.
Completed by: ___________________________
___________________________
(Name and Title)
(Date
								Completed)
CFL 1603 (8/21)