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 6 - Books, Records and Examinations
Section 1613 - Disclosure Notice to Applicant and to Borrower
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) At the time a finder receives or processes an application, the finder shall have the applicant initial and date as of that day the disclosure notice required under Section 22373, subdivision (a), of the Financial Code, acknowledging receipt. The finder shall provide a copy of the disclosure notice to the applicant and retain in the file the original disclosure notice with the applicant's initials and date acknowledging receipt.
(b) The licensee shall provide a copy of the disclosure notice in subsection (a) to the borrower within two weeks following the date of the loan consummation, using procedures established by the licensee to document compliance with the requirements in subdivision (d) of Section 22373 of the Financial Code.
1. New
section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code
section
11343.4(b)(3)
(Register 2014, No. 29).
2. Amendment of subsection (b) filed
5-10-2022; operative 7-1-2022 (Register 2022, No.
19).
Note: Authority cited: Section 22150, Financial Code. Reference: Section 22373, Financial Code.
