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- Title
Narrowing of Licensing Exemption Under California Finance Lenders Law for Consumer Lenders and Brokers.
- Authors
Fields, Henry M.; Gabai, Joseph; Kushner, Dina
- Abstract
The California Department of Business Oversight has issued a new regulation that will eliminate a statutory licensing exemption under the California Finance Lenders Law for nonbank operating subsidiaries and affiliates of banks that are engaged in lending andlor brokering consumer loans. The authors of this article explain the regulation and its potential impact.
- Subjects
NONBANK financial institutions; CALIFORNIA. Dept. of Business Oversight; PERSONAL loans; EXEMPTION (Law); PAWNBROKERS
- Publication
Banking Law Journal, 2016, Vol 133, Issue 7, p393
- ISSN
0005-5506
- Publication type
Article