CHAPTER 1. General Provisions [23000. - 23027.]

Chapter 1 added by Stats. 2002, Ch. 777, Sec. 10.

§§ 23000–23027 · 26 sections

1. ARTICLE 1. Construction and Definitions §§ 23000–23001 · 2 sections

   • § 23000 This division shall be known and may be cited as the “California Deferred Deposit Transaction Law.”
   • § 23001 As used in this division, the following terms have the following meanings: (a) “Deferred deposit transaction” means a transaction whereby a person defers…
2. ARTICLE 2. Licensing and Exemptions §§ 23005–23014 · 11 sections

   • § 23005 (a) A person shall not offer, originate, or make a deferred deposit transaction, arrange a deferred deposit transaction for a deferred deposit originator, act…
   • § 23006 At the time of filing the application, the applicant shall pay to the commissioner the sum of one hundred dollars ($100) as a fee for investigating the…
   • § 23007 The applicant shall file with the application financial statements prepared in accordance with generally accepted accounting principles and acceptable to the…
   • § 23008 Upon the filing of an application pursuant to Section 23005 and the payment of fees pursuant to Section 23006, the commissioner shall investigate the…
   • § 23009 The license shall state the name of the licensee, and if the licensee is a partnership, the names of its general partners, and if a corporation or an…
   • § 23010 The commissioner may by regulation require licensees to file, at the times that the commissioner may specify, the information that the commissioner may…
   • § 23011 (a) Upon reasonable notice and the opportunity to be heard, the commissioner may deny the application for any of the following reasons: (1) Any false statement…
   • § 23011.5 (a) The commissioner may, after appropriate notice and opportunity for hearing, by order, censure or suspend for a period not exceeding 12 months, or bar from…
   • § 23012 The proceedings for denial of a license shall be conducted in accordance with Chapter 5 (commencing with Section 11500) of Part 1 of Division 3 of Title 2 of…
   • § 23013 (a) A licensee shall maintain a surety bond in accordance with this subdivision in the amount of twenty-five thousand dollars ($25,000). The bond shall be…
   • § 23014 In any proceeding under this division, the burden of proving an exemption or exception is upon the person claiming it.
3. ARTICLE 3. Administration and Operations §§ 23015–23027 · 13 sections

   • § 23015 The commissioner may make general rules and regulations and specific rulings, demands, and findings for the enforcement of this division, in addition to, and…
   • § 23015.5 (a) It is unlawful for any person to knowingly alter, destroy, mutilate, conceal, cover up, falsify, or make a false entry in any record, document, or tangible…
   • § 23016 (a) (1) Each licensee shall pay to the commissioner its pro rata share of all costs and expenses reasonably incurred in the administration of this division, as…
   • § 23017 All money paid or collected under this division shall be deposited in the State Treasury to the credit of the State Corporations Fund. The administration of…
   • § 23018 (a) A license, along with any currently effective order of the commissioner approving a different name pursuant to Section 23023, shall be conspicuously posted…
   • § 23019 Every licensee shall post a complete, detailed, and unambiguous schedule of fees. The information required by this section shall be clear, legible, and in…
   • § 23020 A licensee shall maintain only one place of business under an original or amended license issued pursuant to Section 23008. The commissioner may issue more…
   • § 23021 (a) If a licensee desires to change its place of business to a street address other than that designated in its license, the licensee shall give written notice…
   • § 23023 No licensee shall transact the business licensed or make any transaction provided for by this division under any other name or at any other place of business…
   • § 23024 Each licensee shall keep and use books, accounts, and records that will enable the commissioner to determine if the licensee is complying with the provisions…
   • § 23025 The department shall maintain a toll-free telephone number for deferred deposit transaction customers to make complaints and express concerns regarding the…
   • § 23026 On or before March 15 of each year, beginning March 2006, each licensee shall file an annual report with the commissioner pursuant to procedures that the…
   • § 23027 (a) No licensee shall advertise, print, display, publish, distribute, or broadcast, or cause or permit to be advertised, printed, displayed, published,…