California Financial Code

§ 22690

FIN § 22690 Effective Jan 1, 2023Div. 9 · Ch. 3.5

Statute text

(a)A program administrator is subject to an inspection, examination, or investigation in accordance with Section 22701.

(b)If, in the course of an inspection, examination, or investigation of a program administrator, the commissioner has cause to believe that the program administrator, the PACE solicitor, or the PACE solicitor agent may have committed a violation of this division or any rule or order thereunder, or the commissioner seeks to obtain or provide information necessary to the commissioner in the administration of the division, with respect to a matter related to a PACE solicitor or PACE solicitor agent, and either this information is not available directly from the program administrator or the commissioner seeks to validate the information obtained from the program administrator, the commissioner may do the following:

(1)Inspect, examine, or investigate any and all documents, records, files, and communications of the PACE solicitor or PACE solicitor agent that are relevant to the violation or the matter. For purposes of the inspection, examination, or investigation, the commissioner and their representatives shall have access to the records of the PACE solicitor or PACE solicitor agent related to assessment contracts associated with the violation or matter.

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Legislative history

Amended by Stats. 2022, Ch. 188, Sec. 13. (AB 2433) Effective January 1, 2023.