Section 22379 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.
22379
. (a) Notwithstanding any other law, the commissioner shall
examine each licensee that is accepted into the program at least once
every 24 months.
(b) Notwithstanding subdivision (a), the commissioner shall have
the authority to waive one or more branch office examinations, if the
commissioner deems that the branch office examinations are not
necessary for the protection of the public, due to the centralized
operations of the licensee or other factors acceptable to the
commissioner.
(c) The cost of each examination of a licensee shall be paid to
the commissioner by the licensee examined, and the commissioner may
maintain an action for the recovery of the cost in any court of
competent jurisdiction. In determining the cost of the examination,
the commissioner may use the estimated average hourly cost for all
persons performing examinations of licensees or other persons subject
to this division for the fiscal year.