California Financial Code

§ 22338

FIN § 22338 Effective Jan 1, 1995Div. 9 · Ch. 2 · Art. 3

Statute text

Each licensed broker shall:

(a)Deliver to the borrower, or any one thereof, at the time the final negotiation or arrangement is made, a statement showing in clear and distinct terms the name, address, and license number of the broker and the finance lender. The statement shall show the date, amount, and terms of the agreement with the broker, and all amounts paid or to be paid to the broker and to any person other than the finance lender.

(b)Deliver to the finance lender making the loan a copy of the statement referred to and described in subdivision (a).

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Legislative history

Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.