Business filings.

(1) The Corporate Securities Law of 1968 authorizes the Commissioner of Business Oversight to prescribe circumstances under which to accept electronic records or electronic signatures, as defined. This bill would provide additional examples of what meets the definition of an "electronic record." (2) The Franchise Investment Law generally provides for the regulation of the offer and sale of franchises by the Commissioner of Business Oversight. The law specifically provides that the registration of the offer of franchises automatically becomes effective at noon on the 15th business day after the filing of the application for registration or the last amendment, except as specified. This bill would instead provide that the offer automatically becomes effective on the 30th day after the filing of a complete application, similarly extend the time for a renewal of an offer, as specified, and define terms for these purposes. This bill would authorize the commissioner to prescribe circumstances under which to accept electronic records or electronic signatures, as defined. (3) The Check Sellers, Bill Payers and Proraters Law generally requires the Commissioner of Business Oversight to, among other things, proscribe the form of the application for a license to engage in business under its provisions. This bill would authorize the commissioner to prescribe circumstances under which to accept electronic records or electronic signatures, as defined. (4) The Escrow Law generally requires the Commissioner of Business Oversight to, among other things, proscribe the form of the application for a license as an escrow agent under its provisions. This bill would authorize the commissioner to prescribe circumstances under which to accept electronic records or electronic signatures, as defined. (5) The California Finance Lenders Law generally requires the Commissioner of Business Oversight to, among other things, proscribe the form of the application for a license as a finance lender or broker under its provisions. This bill would authorize the commissioner to prescribe circumstances under which to accept electronic records or electronic signatures, as defined. (6) The California Deferred Deposit Transaction Law generally requires the Commissioner of Business Oversight to, among other things, proscribe the form of the application for a license to engage in the businesses of offering, making, or arranging a deferred deposit transaction, as specified. This bill would authorize the commissioner to prescribe circumstances under which to accept electronic records or electronic signatures, as defined.