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§ 1616. Counseling or Advice: Prohibited by Finder.

10 CA ADC § 1616Barclays Official California Code of RegulationsEffective: July 1, 2022

Barclays California Code of Regulations
Title 10. Investment
Chapter 3. Commissioner of Financial Protection and Innovation (Refs & Annos)
Subchapter 6. California Financing Law (Refs & Annos)
Article 14. Pilot Program for Increased Access to Responsible Small Dollar Loans
Subarticle 6. Books, Records and Examinations
Effective: July 1, 2022
10 CCR § 1616
§ 1616. Counseling or Advice: Prohibited by Finder.
Currentness
(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.

Credits

Note: Authority cited: Section 22150, Financial Code. Reference: Section 22372, Financial Code.
History
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).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 10, § 1616, 10 CA ADC § 1616
End of Document