Section 22378 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.
22378
. Notwithstanding the requirements of Section 22102 and its
implementing regulations, a licensee accepted to participate in the
program may appoint one or more branch managers with responsibility
for multiple branch locations, subject to approval by the
commissioner, and a finding by the commissioner that the centralized
nature of underwriting and other key business activities performed by
the licensee does not require a unique manager for each branch
location, to ensure the protection of consumers who seek out loans
from the licensee. The commissioner may revoke this approval at any
time, upon a finding that a unique branch manager at each branch
location is required for consumer protection.