Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders, as defined, by the Commissioner of Corporations and prohibits a person from engaging in the business of a finance lender or broker without a license. Until January 1, 2010, existing law exempts from its requirements a program-related investment by a private foundation, tax‑exempt organization, and a loan, guaranty, or investment made by a public charity, tax‑exempt organization meeting specified requirements.
California AB 401 (20092010) — Financial institutions: finance lenders: exemptions.
Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders, as defined, by the Commissioner of Corporations and prohibits a person from engaging in the business of a finance lender or broker without a license. Until January 1, 2010, existing law exempts from its requirements a program-related investment by a private foundation, tax‑exempt organization, and a loan, guaranty, or investment made by a public charity, tax‑exempt organization meeting specified requirements.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.