Article 1. General Provisions of California Financial Code >> Division 1. >> Chapter 3. >> Article 1.
(a) In this section:
(1) "Business and industrial development corporation" means a
corporation licensed under Division 15 (commencing with Section
(2) "Payment instrument" has the same meaning as set forth in
(3) "Stored Value" has the same meaning as set forth in
subdivision (v) of Section 2003.
(b) There is in the state government, in the Business, Consumer
Services, and Housing Agency, a Department of Business Oversight,
which has charge of the execution of, among other laws, the laws of
this state relating to any of the following: (1) banks or trust
companies or the banking or trust business; (2) savings associations
or the savings association business; (3) credit unions or the credit
union business; (4) persons who engage in the business of receiving
money for transmission or such business; (5) issuers of stored value
or such business; (6) issuers of payment instruments or the payment
instrument business; (7) business and industrial development
corporations or the business and industrial development corporation
business; (8) insurance premium finance agencies or the insurance
premium finance business; (9) persons offering or making any contract
constituting bucketing; (10) persons offering or selling
off-exchange commodities; (11) deferred deposit originators; (12)
finance lenders and brokers; (13) residential mortgage lenders and
servicers; (14) capital access companies; (15) check sellers, bill
payers, and proraters; (16) securities issuers, broker-dealers,
agents, investment advisers, and investment adviser representatives;
(17) mortgage loan originators employed or supervised by finance
lenders or residential mortgage lenders; (18) escrow agents; (19)
franchisors; or (20) persons holding securities as custodians on
behalf of securities owners.
(a) This chapter is applicable to this division, Division
1.1 (commencing with Section 1000), Division 1.2 (commencing with
Section 2000), Division 1.6 (commencing with Section 4800), Division
5 (commencing with Section 14000), Division 7 (commencing with
Section 18000), and Division 15 (commencing with Section 31000).
(b) Except as provided in subdivision (c), this article, and
Articles 2 (commencing with Section 320) and 3 (commencing with
Section 350) are applicable to the administration of laws by the
Division of Corporations.
(c) Sections 329, 330, 332, 335, 336, 357, 378, 379, and 381 are
not applicable to the Division of Corporations.