ARTICLE 1. Definitions
Article 1 added by Stats. 1994, Ch. 1115, Sec. 2.
§§ 22000–22020 · 23 sections
- § 22000 This division is known and may be cited as the “California Financing Law.”
- § 22001 (a) This division shall be liberally construed and applied to promote its underlying purposes and policies, which are: (1) To ensure an adequate supply of…
- § 22002 To accomplish its underlying purposes and policies, this division creates a class of exempt persons pursuant to Section 1 of Article XV of the California…
- § 22003 Unless the context otherwise requires, the definitions given in this article govern the construction of this division.
- § 22003.5 “Assessment contract” means an agreement entered into between all property owners of record on real property and a public agency in which, for voluntary…
- § 22004 “Broker” includes any person who is engaged in the business of negotiating or performing any act as broker in connection with loans made by a finance lender.
- § 22005 “Commissioner” means the Commissioner of Financial Protection and Innovation.
- § 22006 As used in this division, the terms “security interest,” “accounts,” “chattel paper,” “documents,” “general intangibles,” “goods,” and “instruments” are as…
- § 22007 (a) “Licensee” means any finance lender, broker, or program administrator who receives a license in accordance with this division. (b) This section shall…
- § 22008 “Person” means an individual, a corporation, a partnership, a limited liability company, a joint venture, an association, a joint stock company, a trust, an…
- § 22009 “Finance lender” includes any person who is engaged in the business of making consumer loans or making commercial loans. The business of making consumer loans…
- § 22010 (a) “Finance lender,” “broker,” and “program administrator” do not include employees regularly employed at the location specified in the license of the finance…
- § 22011 A “regulatory ceiling provision” is a statement in a section or subdivision that specifies an original bona fide principal loan amount at or above which that…
- § 22012 (a) “Branch office license” means a license to engage in business as a finance lender or broker at a location other than the location identified in a finance…
- § 22013 (a) “Mortgage loan originator” means an individual who, for compensation or gain, or in the expectation of compensation or gain, takes a residential mortgage…
- § 22014 (a) A loan processor or underwriter who does not represent to the public, through advertising or other means of communicating or providing information,…
- § 22015 “PACE assessment” means a voluntary contractual assessment, voluntary special tax, or special tax, as described in subdivisions (a), (b), and (c) of Section…
- § 22016 “PACE program” means a program in which financing is provided for the installation of efficiency improvements on real property and funded through the use of…
- § 22017 (a) “PACE solicitor” means a person authorized by a program administrator to solicit a property owner to enter into an assessment contract. (b) “PACE solicitor…
- § 22018 (a) “Program administrator” means a person administering a PACE program on behalf of, and with the written consent of, a public agency. “Program administrator”…
- § 22018.5 “Property owner” means all property owners of record on the property subject to the PACE assessment.
- § 22019 “Efficiency improvement” means one or more permanent improvements fixed to real property financed through a PACE assessment.
- § 22020 “Public agency” means a city, including a charter city, county, city and county, municipal utility district, community services district, community facilities…