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Financial Code - FIN - FIN § 2150.2
Financial Code - FIN - FIN § 2150.2
(a) If the commissioner finds that any of the factors set forth in Section 2149 is true with respect to any licensee and that it is necessary for the protection of the public interest, the commissioner may issue an order immediately suspending or revoking the licensee’s license.
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Financial Code - FIN - FIN § 2151
Financial Code - FIN - FIN § 2151
(a) If the commissioner finds that any of the factors set forth in Section 2150 is true with respect to any agent and that it is necessary for the protection of the public interest, the commissioner may issue an order immediately suspending or barring that agent from continuing t
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Financial Code - FIN - FIN § 2151.1
Financial Code - FIN - FIN § 2151.1
The commissioner may assess a civil penalty against a person that violates this division or a regulation adopted or an order issued under this division in an amount not to exceed one thousand dollars ($1,000) for each violation or, in the case of a continuing violation, one thous
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Financial Code - FIN - FIN § 2152
Financial Code - FIN - FIN § 2152
(a) A person that intentionally makes a false statement, misrepresentation, or false certification in a record filed or required to be maintained under this division or that intentionally makes a false entry or omits a material entry in such a record is guilty of a felony. (b) A
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Financial Code - FIN - FIN § 2153
Financial Code - FIN - FIN § 2153
The enforcement provisions of this division are in addition to any other enforcement powers that the commissioner may have under law.
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Financial Code - FIN - FIN § 217
Financial Code - FIN - FIN § 217
“Voting power” has the meaning set forth in Section 194.5 of the Corporations Code.
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Financial Code - FIN - FIN § 2170
Financial Code - FIN - FIN § 2170
Any licensee may surrender its license by filing with the commissioner the license and a report with any information as the commissioner requires. The voluntary surrender of the license shall become effective at the time and upon the conditions as the commissioner specifies by or
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Financial Code - FIN - FIN § 2171
Financial Code - FIN - FIN § 2171
If any provision of this division or the application thereof to any person or circumstances is held invalid, illegal, or unenforceable, that invalidity, illegality, or unenforceability shall not affect other provisions or applications of this division that can be given effect wit
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Financial Code - FIN - FIN § 2172
Financial Code - FIN - FIN § 2172
(a) A license issued under the former Chapter 14 (commencing with Section 1800), Chapter 14A (commencing with Section 1851), or the former Division 16 (commencing with Section 33000) that is in effect immediately before January 1, 2011, shall remain in effect as a valid license u
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Financial Code - FIN - FIN § 2174
Financial Code - FIN - FIN § 2174
(a) The commissioner may prepare written decisions, opinion letters, and other formal written guidance to be issued to persons seeking clarification regarding the requirements of this division. (b) The commissioner shall make public on the commissioner’s Internet Web site all wri
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Financial Code - FIN - FIN § 2175
Financial Code - FIN - FIN § 2175
The commissioner may offer informal guidance to any prospective applicant for a license under this division, regarding the conditions of licensure that may be applied to that person. The commissioner shall inform any applicant that requests that guidance of the minimum net worth,
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Financial Code - FIN - FIN § 2176
Financial Code - FIN - FIN § 2176
At any time, if the commissioner deems it necessary for the general welfare of the public, he or she may exercise any power set forth in this division with respect to a money transmission business, regardless of whether an application for a license has been filed with the commiss
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Financial Code - FIN - FIN § 22
Financial Code - FIN - FIN § 22
Notwithstanding any other provision of this code, Chapter 10 (commencing with Section 10000) of Division 2 shall be known and may be cited as the Vuich-Calderon Financial Institutions Act of 1986.
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Financial Code - FIN - FIN § 22000
Financial Code - FIN - FIN § 22000
This division is known and may be cited as the “California Financing Law.”
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Financial Code - FIN - FIN § 22001
Financial Code - FIN - FIN § 22001
(a) This division shall be liberally construed and applied to promote its underlying purposes and policies, which are: (1) To ensure an adequate supply of credit to borrowers in this state. (2) To simplify, clarify, and modernize the law governing loans made by finance lenders. (
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Financial Code - FIN - FIN § 22002
Financial Code - FIN - FIN § 22002
To accomplish its underlying purposes and policies, this division creates a class of exempt persons pursuant to Section 1 of Article XV of the California Constitution. It is the intent of the Legislature to preserve existing exemptions under Section 1 of Article XV of the Constit
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Financial Code - FIN - FIN § 22003
Financial Code - FIN - FIN § 22003
Unless the context otherwise requires, the definitions given in this article govern the construction of this division.
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Financial Code - FIN - FIN § 22003.5
Financial Code - FIN - FIN § 22003.5
“Assessment contract” means an agreement entered into between all property owners of record on real property and a public agency in which, for voluntary contractual assessments imposed on the real property, the public agency provides a PACE assessment for the installation of one
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Financial Code - FIN - FIN § 22004
Financial Code - FIN - FIN § 22004
“Broker” includes any person who is engaged in the business of negotiating or performing any act as broker in connection with loans made by a finance lender.
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Financial Code - FIN - FIN § 22005
Financial Code - FIN - FIN § 22005
“Commissioner” means the Commissioner of Financial Protection and Innovation.
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Financial Code - FIN - FIN § 22006
Financial Code - FIN - FIN § 22006
As used in this division, the terms “security interest,” “accounts,” “chattel paper,” “documents,” “general intangibles,” “goods,” and “instruments” are as defined in the Uniform Commercial Code.
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Financial Code - FIN - FIN § 22007
Financial Code - FIN - FIN § 22007
(a) “Licensee” means any finance lender, broker, or program administrator who receives a license in accordance with this division. (b) This section shall become operative on January 1, 2019.
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Financial Code - FIN - FIN § 22008
Financial Code - FIN - FIN § 22008
“Person” means an individual, a corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company, a trust, an unincorporated organization, a government, or a political subdivision of a government.
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Financial Code - FIN - FIN § 22009
Financial Code - FIN - FIN § 22009
“Finance lender” includes any person who is engaged in the business of making consumer loans or making commercial loans. The business of making consumer loans or commercial loans may include lending money and taking, in the name of the lender, or in any other name, in whole or in
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Financial Code - FIN - FIN § 22010
Financial Code - FIN - FIN § 22010
(a) “Finance lender,” “broker,” and “program administrator” do not include employees regularly employed at the location specified in the license of the finance lender, broker, or program administrator, except that an employee, when acting within the scope of his or her employment