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Financial Code - FIN - FIN § 22462
Financial Code - FIN - FIN § 22462
The payment of fees for participation in an open-end credit program, the acceptance by a borrower of the form of the licensee’s program, and the borrower’s agreement to the licensee’s program shall not be deemed to be a collateral sale, purchase, or agreement within the terms of
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Financial Code - FIN - FIN § 22463
Financial Code - FIN - FIN § 22463
Nothing in this article limits the authority of the commissioner to disapprove advertising with respect to open-end loans pursuant to Section 22165.
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Financial Code - FIN - FIN § 22464
Financial Code - FIN - FIN § 22464
This article does not apply to loans other than open-end loans.
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Financial Code - FIN - FIN § 22465
Financial Code - FIN - FIN § 22465
Section 22400 does not apply to open-end loans.
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Financial Code - FIN - FIN § 22466
Financial Code - FIN - FIN § 22466
An open-end loan is in compliance with Section 22330 if it is an open-end loan of a bona fide principal amount of five thousand dollars ($5,000) or more as determined in accordance with Section 22467.
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Financial Code - FIN - FIN § 22467
Financial Code - FIN - FIN § 22467
(a) Any section that refers to this section or that is subject to Section 22251 does not apply to any open-end loan of the bona fide principal amount specified in the regulatory ceiling provision of that section or more, or to a duly licensed finance lender in connection with any
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Financial Code - FIN - FIN § 22470
Financial Code - FIN - FIN § 22470
(a) (1) Upon the request of a person who has obtained a police report pursuant to Section 530.6 of the Penal Code, a finance lender engaged in the business of making consumer loans shall provide to the person, or to a law enforcement officer specified by the person, copies of all
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Financial Code - FIN - FIN § 22500
Financial Code - FIN - FIN § 22500
“Charges” include the aggregate interest, fees, bonuses, commissions, brokerage, discounts, expenses, and other forms of costs charged, contracted for, or received by a licensee or any other person in connection with the investigating, arranging, negotiating, procuring, guarantee
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Financial Code - FIN - FIN § 22501
Financial Code - FIN - FIN § 22501
“Charges” do not include commissions received as a licensed insurance agent or broker.
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Financial Code - FIN - FIN § 22502
Financial Code - FIN - FIN § 22502
“Commercial loan” means a loan of a principal amount of five thousand dollars ($5,000) or more, or any loan under an open-end credit program, whether secured by either real or personal property, or both, or unsecured, the proceeds of which are intended by the borrower for use pri
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Financial Code - FIN - FIN § 22550
Financial Code - FIN - FIN § 22550
Sections 22152, 22154, 22155, 22163, and 22164 do not apply to any commercial loan of a bona fide principal amount of five thousand dollars ($5,000) or more, or to a duly licensed finance lender in connection with any such loan or loans, if the provisions of this section are not
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Financial Code - FIN - FIN § 22551
Financial Code - FIN - FIN § 22551
In determining whether a loan is a loan of a bona fide principal amount of the specified amount or more, the following principles shall apply: (a) If a borrower applies for a loan in a bona fide principal amount of less than the specified amount and a loan to that borrower of a b
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Financial Code - FIN - FIN § 22552
Financial Code - FIN - FIN § 22552
This chapter does not apply to a program administrator or a PACE solicitor.
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Financial Code - FIN - FIN § 22600
Financial Code - FIN - FIN § 22600
(a) A licensee may sell promissory notes evidencing the obligation to repay loans made by the licensee pursuant to this division or evidencing the obligation to repay loans purchased from and made by another licensee pursuant to this division to institutional investors, and may m
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Financial Code - FIN - FIN § 22600.1
Financial Code - FIN - FIN § 22600.1
(a) A licensee that is a finance lender may sell to (1) an institutional lender, or (2) an institutional investor described in paragraph (6) of subdivision (b) of Section 22600, promissory notes evidencing the obligation to repay real estate secured business purpose loans, as def
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Financial Code - FIN - FIN § 22601
Financial Code - FIN - FIN § 22601
With respect to a loan under this division, a fee not to exceed fifteen dollars ($15) for the return by a depository institution of a dishonored check, negotiable order of withdrawal, or share draft may be charged and collected by the licensee. The fee is not included in charges
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Financial Code - FIN - FIN § 22602
Financial Code - FIN - FIN § 22602
(a) A licensee that is a finance lender may pay compensation to a person that is not licensed pursuant to this division in connection with the referral of one or more prospective borrowers to the licensee, when all of the following conditions are met: (1) The referral by the unli
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Financial Code - FIN - FIN § 22603
Financial Code - FIN - FIN § 22603
A licensee that is a finance lender shall provide a prospective borrower who has been referred by an unlicensed person the following written statement, in 10-point font or larger, at the time the licensee receives an application for a commercial loan, and shall require the prospe
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Financial Code - FIN - FIN § 22604
Financial Code - FIN - FIN § 22604
(a) Any person that receives compensation in connection with a referral, as described in Section 22602, that leads to the consummation of a commercial loan under this division may not do any of the following: (1) Make a materially false or misleading statement or representation t
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Financial Code - FIN - FIN § 22650
Financial Code - FIN - FIN § 22650
As used in this division, “open-end credit program” means a licensee’s plan for making open-end loans pursuant to a loan agreement that sets forth the terms and conditions governing the use of the open-end credit program, expressly states that the loan is made pursuant to this ar
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Financial Code - FIN - FIN § 22680
Financial Code - FIN - FIN § 22680
(a) A person shall not engage in the business of a PACE solicitor unless that person is enrolled with a program administrator pursuant to the requirements of this section. (b) A program administrator shall establish and maintain a process for enrolling PACE solicitors that is acc
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Financial Code - FIN - FIN § 22681
Financial Code - FIN - FIN § 22681
(a) A program administrator shall establish and maintain a training program for PACE solicitor agents that is acceptable to the commissioner. (b) A program administrator shall require each PACE solicitor agent to complete an introductory training that addresses the topics listed
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Financial Code - FIN - FIN § 22682
Financial Code - FIN - FIN § 22682
(a) A program administrator shall, in the manner prescribed by the commissioner, timely notify the commissioner of each PACE solicitor and PACE solicitor agent enrolled by the program administrator. (b) A program administrator shall, in the manner prescribed by the commissioner,
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Financial Code - FIN - FIN § 22683
Financial Code - FIN - FIN § 22683
A program administrator shall develop and implement policies and procedures for responding to questions and addressing complaints as soon as reasonably practicable.
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Financial Code - FIN - FIN § 22684
Financial Code - FIN - FIN § 22684
A program administrator shall not execute an assessment contract, and no work shall commence under a home improvement contract that is financed by that assessment contract nor shall that home improvement contract be executed unless the following criteria are satisfied: (a) All pr