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 1850.15 - Denial of License Application
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) The Commissioner may deny an application for a license for any of the reasons in Section 100012, subdivision (b)(1) through (b)(7), of the Financial Code.
(b) The Commissioner will consider the following factors in deciding whether to deny a license to an applicant, or applicants in the case of affiliates seeking to be licensed under the same license:
(c) The Commissioner may deny an application for a license based on the prior violations or disciplinary actions of a single affiliate under the application.
Note: Authority cited: Section 100003, Financial Code. Reference: Section 100012, Financial Code.