California Financial Code CHAPTER 3 - Enforcement

• Section 4974.
  (a) Any compliance failure that was not willful or intentional and resulted from a bona fide error, that occurred notwithstanding the maintenance of procedures reasonably adopted...
• Section 4975.
  (a) (1) Any licensed person who violates any provision of Section 4973, 4979.6, or 4979.7 shall be deemed to have violated that person’s licensing law.(2) After a knowing...
• Section 4977.
  (a) A licensing agency may, after appropriate notice and opportunity for hearing, by order levy administrative penalties against a person who violates any provision of this...
• Section 4978.
  (a) A person who fails to comply with the provisions of this division is civilly liable to the consumer in an amount equal to any actual...
• Section 4978.6.
  A person who originates covered loans shall inform any employee, who originates covered loans on behalf of the person, of the administrative or civil penalties...
• Section 4979.
  Upon request, a person who originates a covered loan shall provide the licensing agency or the consumer, at no cost, documentation regarding his or her...
• Section 4979.5.
  (a) A person who provides brokerage services to a borrower in a covered loan transaction by soliciting lenders or otherwise negotiating a consumer loan secured by...
• Section 4979.6.
  A person who originates a covered loan shall not make a covered loan that finances points and fees in excess of one thousand dollars ($1,000)...
• Section 4979.7.
  On or after July 1, 2002, a person who originates a consumer loan shall not finance, directly or indirectly, into a consumer loan or finance...
• Section 4979.8.
  The provisions of this division shall not impose liability on an assignee that is a holder in due course. The provisions of this division shall...

Last modified: October 22, 2018