SB 51, as introduced, Walters. California Finance Lenders Law.
Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders and brokers by the Commissioner of Business Oversight. Existing law authorizes the commissioner to make general rules and regulations, and specific rulings, demands, and findings for the enforcement of that law, as specified.
This bill would make a, nonsubstantive change to the latter provision.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 22150 of the Financial Code is amended
2to read:
The commissioner may make general rules and
4regulations and specific rulings, demands, and findingsbegin delete forend delete
5begin insert regardingend insert the enforcement of this division, in addition to, and
6within the general purposes of, this division.
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