Section 22366 Of Article 3.6. Pilot Program For Increased Access To Responsible Small Dollar Loans From California Financial Code >> Division 9. >> Chapter 2. >> Article 3.6.
22366
. (a) Any entity licensed under this chapter that wishes to
participate in the program, that is in good standing with the
commissioner and has no outstanding enforcement actions or
deficiencies at the time of its application, shall file an
application with the commissioner, in a manner prescribed by the
commissioner, and shall pay a fee to the commissioner, in an amount
calculated by the commissioner to cover its costs to administer this
article.
(b) Any entity wishing to participate in the program that is not
licensed pursuant to this chapter may submit a combined application
to the commissioner, in a manner prescribed by the commissioner, for
licensure under this chapter and admission to the program and shall
pay a fee to the commissioner in an amount equal to the fees that
would have been imposed if the person had submitted separate
applications. To be eligible to apply in this manner, an entity must
be free of outstanding enforcement or other disciplinary actions
taken against it by any of California's financial regulators or by a
financial regulator of another state.