California 2015-2016 Regular Session

California Senate Bill SB51 Latest Draft

Bill / Introduced Version Filed 12/19/2014

 BILL NUMBER: SB 51INTRODUCED BILL TEXT INTRODUCED BY Senator Walters DECEMBER 19, 2014 An act to amend Section 22150 of the Financial Code, relating to financial institutions. LEGISLATIVE COUNSEL'S DIGEST SB 51, as introduced, Walters. California Finance Lenders Law. Existing law, the California Finance Lenders Law, provides for the licensure and regulation of finance lenders and brokers by the Commissioner of Business Oversight. Existing law authorizes the commissioner to make general rules and regulations, and specific rulings, demands, and findings for the enforcement of that law, as specified. This bill would make a, nonsubstantive change to the latter provision. Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no. THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS: SECTION 1. Section 22150 of the Financial Code is amended to read: 22150. The commissioner may make general rules and regulations and specific rulings, demands, and findings  for   regarding  the enforcement of this division, in addition to, and within the general purposes of, this division.