California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 6 - California Financing Law
Article 14 - Pilot Program for Increased Access to Responsible Small Dollar Loans
Subarticle 5 - Credit Education Programs and Seminars
Section 1609 - Licensee's Evidence of Compliance with Education Offer
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) A licensee shall offer in writing, and at no cost to the borrower, a credit education program or seminar, and provide the borrower with a list of one or more available credit education programs or seminars. The written offer shall include the name of the program or seminar, location of the program or seminar offered, and language in which the program or seminar is offered to the borrower. The licensee shall have the borrower initial and date the written offer, and the licensee shall retain a copy of the written offer with the borrower's initials and date acknowledging receipt in the file.
(b) A licensee shall include a copy of the written offer of a credit education program or seminar with any late notice provided to a borrower.
1. New section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code section 11343.4(b)(3) (Register 2014, No. 29).
Note: Authority cited: Section 22150, Financial Code. Reference: Section 22370, Financial Code.
