California Financial Code

§ 22372

FIN § 22372 Effective Jan 1, 2016Div. 9 · Ch. 2 · Art. 3.6

Statute text

(a)A finder may perform one or more of the following services for a licensee at the finder’s physical location for business:

(1)Distributing, circulating, using, or publishing preprinted brochures, flyers, factsheets, or other written materials relating to loans that the licensee may make or negotiate and that have been reviewed and approved in writing by the licensee prior to their being distributed, circulated, or published.

(2)Providing written factual information about loan terms, conditions, or qualification requirements to a prospective borrower that has been either prepared by the licensee or reviewed and approved in writing by the licensee. A finder may discuss that information with a prospective borrower in general terms, but may not provide counseling or advice to a prospective borrower.

…

Legislative history

Amended by Stats. 2015, Ch. 505, Sec. 2. (SB 235) Effective January 1, 2016. Repealed as of January 1, 2028, pursuant to Section 22381.