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Financial Code - FIN - FIN § 213
Financial Code - FIN - FIN § 213
“Uniform Rating System for Informational Technology (URSIT)” shall have the meaning set forth in the policy statement regarding the uniform rating system for information technology published by the Federal Financial Institutions Examination Council on January 20, 1999, and implem
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Financial Code - FIN - FIN § 21300
Financial Code - FIN - FIN § 21300
(a) The chief of police, the sheriff, or, where appropriate, the police commission shall accept an application for and grant a license permitting the licensee to engage in the business of pawnbroker, as defined in Section 21000, at the address indicated on the application, to an
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Financial Code - FIN - FIN § 21300.1
Financial Code - FIN - FIN § 21300.1
It is unlawful for any person who is not duly licensed under this section to act as a pawnbroker or represent himself, herself, or a business entity to be a pawnbroker or a pawnbrokerage business entity.
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Financial Code - FIN - FIN § 21301
Financial Code - FIN - FIN § 21301
(a) A license granted pursuant to Section 21300 shall be renewable the second year from the date of issue, and every other year thereafter, upon the filing of a renewal application, payment of a renewal fee specified by the licensing authority as described in this subdivision, an
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Financial Code - FIN - FIN § 21301.1
Financial Code - FIN - FIN § 21301.1
It is unlawful for any person to advertise his or her services as a pawnbroker, or to use any words or parts of words in any advertisements that connote a transaction involving the taking of tangible personal property as security for a loan unless the pawnbroker’s license number
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Financial Code - FIN - FIN § 21302
Financial Code - FIN - FIN § 21302
The district attorney or the Attorney General, in the name of the people of the State of California, may bring an action to enjoin the violation or the threatened violation of any regulation made pertaining to the provisions contained in Chapter 1 (commencing with Section 21000)
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Financial Code - FIN - FIN § 21303
Financial Code - FIN - FIN § 21303
(a) As a condition precedent to the issuance or renewal of a pawnbroker’s license the applicant shall file a pawnbroker’s two-year nonrevokable surety bond with the issuing authority, in the sum of twenty thousand dollars ($20,000). The pawnbroker’s bond required by this article
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Financial Code - FIN - FIN § 21303.5
Financial Code - FIN - FIN § 21303.5
(a) On and after January 1, 2026, as a condition precedent to issuing a new pawnbroker’s license, the applicant shall complete at least eight hours of prelicensing education approved by the California Pawnbroker Education Council pursuant to Chapter 4 (commencing with Section 214
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Financial Code - FIN - FIN § 21304
Financial Code - FIN - FIN § 21304
(a) As a condition precedent to the issuing of a pawnbroker’s license, the applicant shall file with the issuing authority a financial statement confirming that the applicant has at least one hundred thousand dollars ($100,000) in the form of liquid assets readily available for u
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Financial Code - FIN - FIN § 21305
Financial Code - FIN - FIN § 21305
A license issued pursuant to this chapter shall not be transferred or assigned.
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Financial Code - FIN - FIN § 21306
Financial Code - FIN - FIN § 21306
A pawnbroker licensed under Section 21300 is exempt from the licensing requirements under Sections 21641 and 21642 of the Business and Professions Code and may engage in any transaction involving tangible personal property for which a secondhand dealers license is required under
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Financial Code - FIN - FIN § 21307
Financial Code - FIN - FIN § 21307
Except as otherwise specifically provided, the violation of any provision of this chapter under circumstances where a person knows or should have known that a violation was being committed is a misdemeanor.
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Financial Code - FIN - FIN § 21400
Financial Code - FIN - FIN § 21400
This chapter shall be known, and may be cited, as the Pawnbroker Education Act.
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Financial Code - FIN - FIN § 21401
Financial Code - FIN - FIN § 21401
The Legislature finds and declares all of the following: (a) Pawnbroker businesses provide a valuable source of short-term credit for economically vulnerable consumers and the state’s unbanked population, as everyone who seeks a pawn loan can borrow money regardless of creditwort
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Financial Code - FIN - FIN § 21403
Financial Code - FIN - FIN § 21403
(a) The California Pawnbroker Education Council is hereby established to carry out the responsibilities and duties described in this chapter. (b) The council shall be governed by a board of directors composed of, but not limited to, members who shall be chosen in the following ma
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Financial Code - FIN - FIN § 21405
Financial Code - FIN - FIN § 21405
(a) The council shall, on or before January 1, 2026, develop and establish a standard course and curriculum in pawnbroker transactions that shall include at least eight hours of prelicensing education to be taken by an applicant for licensure, and eight hours of continuing educat
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Financial Code - FIN - FIN § 21407
Financial Code - FIN - FIN § 21407
(a) Individuals, entities, agencies, and associations that propose to offer educational courses that satisfy the prelicensing or continuing education requirements of this chapter shall apply for and obtain the approval of the council. (b) The council shall develop policies, proce
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Financial Code - FIN - FIN § 21409
Financial Code - FIN - FIN § 21409
(a) Beginning on January 1, 2026, the council shall issue a certificate to an applicant for a pawnbroker license, or a licensee applying for renewal of a pawnbroker license, who has satisfied the educational requirements of this chapter. (b) The council shall maintain records ver
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Financial Code - FIN - FIN § 21411
Financial Code - FIN - FIN § 21411
Nothing in this chapter authorizes the council to approve, deny, revoke, or suspend a license issued pursuant to Section 21300.
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Financial Code - FIN - FIN § 21413
Financial Code - FIN - FIN § 21413
This chapter shall remain in effect only until January 1, 2029, and as of that date is repealed.
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Financial Code - FIN - FIN § 2148
Financial Code - FIN - FIN § 2148
(a) If it appears to the commissioner that a licensee is violating or has violated, or is failing or has failed to comply with any law of this state, the commissioner may direct the licensee to comply with the law by an order issued under the commissioner’s official seal, or if i
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Financial Code - FIN - FIN § 2149
Financial Code - FIN - FIN § 2149
(a) The commissioner may issue an order suspending or revoking a license, or taking possession of and placing a licensee in receivership, if after notice and an opportunity for hearing, the commissioner finds that: (1) The licensee is violating this division or a regulation adopt
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Financial Code - FIN - FIN § 215
Financial Code - FIN - FIN § 215
“Vote” has the meaning set forth in Section 194 of the Corporations Code.
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Financial Code - FIN - FIN § 2150
Financial Code - FIN - FIN § 2150
(a) The commissioner may issue an order suspending or revoking the designation of an agent if, after notice and an opportunity for hearing, the commissioner finds that: (1) The agent violated this division or a regulation adopted or an order issued under this division. (2) The ag
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Financial Code - FIN - FIN § 2150.1
Financial Code - FIN - FIN § 2150.1
(a) Every order, decision, or other official act of the commissioner is subject to review in accordance with law. (b) Whenever the commissioner has taken possession of the property and business of any licensee, the licensee, within 10 days after that taking, if it deems itself ag