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 1616 - Counseling or Advice: Prohibited by Finder
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) A finder shall not provide counseling or advice to a borrower or prospective borrower under Section 22372, subdivision (c) and (d), of the Financial Code.
(b) Counseling or advice means providing written or oral information to a borrower or prospective borrower that is specific to a loan or to the borrower's or prospective borrower's circumstances.
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 (a) filed
5-10-2022; operative 7-1-2022 (Register 2022, No.
19).
Note: Authority cited: Section 22150, Financial Code. Reference: Section 22372, Financial Code.
