DIVISION 24. California Consumer Financial Protection Law [90000. - 90019.]
Division 24 added by Stats. 2020, Ch. 157, Sec. 7.
§§ 90000–90019 · 21 sections
CHAPTER 1. Findings and Purpose § 90000 · 1 section
- § 90000 (a) The Legislature finds and declares all of the following: (1) California consumers are vulnerable to abuse if the state lacks a dedicated financial services…
CHAPTER 2. Short Title § 90001 · 1 section
- § 90001 This division shall be known, and may be cited, as the “California Consumer Financial Protection Law.”
CHAPTER 3. Exemptions § 90002 · 1 section
- § 90002 (a) This division shall not apply to a licensee, or an employee of a licensee, of any state agency other than the Department of Financial Protection and…
CHAPTER 4. Prohibited Acts §§ 90003–90004 · 2 sections
- § 90003 (a) It is unlawful for a covered person or service provider, as defined in subdivision (f) of Section 90005, to do any of the following: (1) Engage, have…
- § 90004 (a) In addition to the prohibitions contained in Section 1102.5 of the Labor Code, a covered person or service provider shall not terminate or in any other way…
CHAPTER 5. Definitions § 90005 · 1 section
- § 90005 The definitions in this section apply throughout this division, except as otherwise provided in this division or if the context clearly indicates otherwise:…
CHAPTER 6. Administration §§ 90006–90009.5 · 5 sections
- § 90006 (a) The department shall regulate the offering and provision of consumer financial products or services under California consumer financial laws and shall…
- § 90007 With respect to funds under this division: (a) All moneys collected or received by the commissioner under this division shall be deposited with the State…
- § 90008 (a) The department shall, by rule, establish reasonable procedures to provide a timely response to consumers, in writing where appropriate, to complaints…
- § 90009 (a) (1) The department may prescribe rules regarding registration requirements applicable to a covered person engaged in the business of offering or providing…
- § 90009.5 (a) Notwithstanding paragraph (1) of subdivision (a) of Section 90009, the department shall promulgate rules regarding registration requirements applicable to…
CHAPTER 7. Oversight § 90010 · 1 section
- § 90010 (a) This section shall apply to any covered person who meets any of the following conditions: (1) Offers or provides origination, brokerage, or servicing of…
CHAPTER 8. Enforcement Powers and Duties §§ 90011–90017 · 7 sections
- § 90011 The commissioner and the department shall have all the investigatory and subpoena powers set forth in Sections 11180 to 11191, inclusive, of the Government…
- § 90012 With respect to the enforcement powers of the commissioner and the department under this division, all of the following apply: (a) The department may take any…
- § 90013 The department may bring a civil action in accordance with the following: (a) If a person violates any provision of this division, rule or final order, or…
- § 90014 The following limitations apply to actions brought under this division: (a) Except as otherwise permitted by law or equity, including provisions under any…
- § 90015 (a) The department may conduct hearings and adjudication proceedings with respect to any person in order to ensure or enforce compliance with both of the…
- § 90016 The commissioner shall not outsource or delegate enforcement authority under this division to a private attorney.
- § 90017 In regard to cooperation with the Attorney General, the following provisions apply: (a) The department may enter into an agreement with the Attorney General…
CHAPTER 9. Annual Report § 90018 · 1 section
- § 90018 (a) The commissioner shall prepare and publish on the department’s internet website an annual report detailing actions taken during the prior year under this…
CHAPTER 10. Miscellaneous § 90019 · 1 section
- § 90019 (a) The provisions of this division shall be liberally construed to effectuate its purposes. (b) The provisions of this act are severable. If any provision of…