California Financing Law: remote work.

Existing law, the California Financing Law (CFL) , prohibits a finance lender, broker, mortgage loan originator, or program administrator licensee from transacting the business licensed or making a loan or administering a PACE program provided for by the CFL under another name or at another place of business than that named in the license except pursuant to a currently effective written order of the Commissioner of Financial Protection and Innovation authorizing the other name or other place of business. This bill would authorize a licensee under the CFL to designate an employee, when acting within the scope of employment, to perform work on the licensee's behalf at a remote location, as defined, if the licensee takes certain actions, including that the licensee prohibits a consumer's personal information from being physically stored at a remote location except for storage on an encrypted device or encrypted media. The bill would define "encrypted" for these purposes.