California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 11.3 - Debt Collection Licensing Act
Article 2 - Application for Licensure and Related Forms
Section 1850.10 - Information Regarding Individuals Who Are Not Residents of the United States
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) In addition to other background information required in the application, applicants must engage a search firm to perform an investigative background report of each individual required to be fingerprinted under the Debt Collection Licensing Act and Sections 1850.7 and 1850.9 of these rules who does not currently reside in the United States or has not resided in the United States for at least ten (10) years. This investigative background report shall be required in addition to fingerprinting.
(b) The report shall contain the following, at a minimum:
(c) The report shall be accompanied by a search summary letter, which:
(d) If an individual has had a report containing at least the information listed in subsection (b) of this section prepared for another licensing agency within 12 months of the filing of the application, the applicant or individual may request permission from that licensing agency or the search firm to file a copy of that report with the Commissioner through NMLS. If the applicant or individual elects to file a prior report as authorized in this subsection, the applicant or individual shall also attach to the report a statement of no material change to the information in the report with the Commissioner through NMLS. The statement shall include the name of the individual and the license applicant and be dated and signed by the individual or applicant.
Note: Authority cited: Section 100003, Financial Code. Reference: Section 100009, Financial Code: and 8 U.S.C. Sections 1621, 1641 and 1642.