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Cal. Fin. Code § 22365

Pilot Program for Increased Access to Responsible Small Dollar Loans

Showing this section's text as in effect on January 1, 2019 (in force January 1, 2019 – January 1, 2023). View current text →

(a) The Pilot Program for Increased Access to Responsible Small Dollar Loans is hereby established.

(b) For purposes of this article:

(1) “Commissioner” means the Commissioner of Business Oversight.

(2) “Program” means the Pilot Program for Increased Access to Responsible Small Dollar Loans.

(3) Pursuant to Section 22380.5, “licensee” also includes a licensee approved to participate in the former Pilot Program for Affordable Credit-Building Opportunities as described in Article 3.5 (commencing with Section 22348).

(c) This article does not apply to either of the following:

(1) A licensee that has not been accepted to participate in the program.

(2) A licensee that has been accepted to participate in the program that chooses to lend pursuant to provisions of this division that are outside of the program.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.