(1) 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 requires each finance lender and broker licensee to file an annual report with the commissioner giving relevant information concerning the business and operations conducted by the licensee within the state during the preceding calendar year for each licensed place of business. Existing law authorizes the commissioner to, by order, summarily suspend or revoke the license of any licensee if that person fails to file that report within 10 days after notice by the commissioner that the report is due and not filed. This bill would authorize the commissioner, except in certain circumstances, to impose, by order, a penalty on any licensee who fails to either provide the commissioner with any report required by law or any material information required by the commissioner to be included in a report. The bill would prohibit the penalty from exceeding $100 for each business day the report or information is overdue for the first 5 business days and thereafter from exceeding $500 for each day the report or information is overdue, not to exceed $25,000 in the aggregate. The bill would specify the due date for these penalties under specified circumstances. The bill would authorize a licensee ordered to pay the penalty to request in writing a hearing to challenge that order and would require that hearing to be held under specified administrative proceedings. (2) Existing law, the California Deferred Deposit Transaction Law, requires each licensee to file a specified annual report with the Commissioner of Business Oversight and requires the report to be kept confidential. Existing law requires the annual consolidated report to be prepared by the commissioner and made available to the public. This bill would instead require those annual reports to be made available to the public for inspection, except as specified, and would also require the reports to include any other information reasonably required by the commissioner. (3) Existing constitutional provisions require that a statute that limits the right of access to the meetings of public bodies or the writings of public officials and agencies be adopted with findings demonstrating the interest protected by the limitation and the need for protecting that interest. This bill would make legislative findings to that effect.
Sponsored bills
This measure would proclaim the month of September 2017 as Childhood Cancer Awareness Month, and state the commitment of the Legislature to support efforts to find cures for, and achieve prevention of, childhood cancer.
This measure would recognize the month of September 2017 as Student Hunger Action Month.
This measure would recognize October 20, 2017, as Arirang Day and would celebrate the culture and contributions of Korean Americans to California.
This measure would proclaim October 13, 2017, as Metastatic Breast Cancer Awareness Day, and would request the citizens of California, on that day, to become informed and aware of metastatic breast cancer.
This measure would remember and honor the millions of victims of the man-made Ukrainian Famine of 1932–1933, known as "Holodomor," and their descendants who are living throughout California. The measure would also designate November 25, 2017, as Holodomor Remembrance Day.
This measure would recognize the importance of promoting the leadership of California's tourism industry in continuing to welcome Chinese travelers and would commemorate the mission and success of the 2016 U.S.-China Tourism Year by encouraging continued travel and tourism between California and China, as well as between California and California's other domestic and international markets and partners.
This measure would proclaim November 2, 2017, as National Latina Equal Pay Day in California in recognition of the need to eliminate the gender gap in earnings by women and to promote policies to ensure equal pay for all.
This measure would recognize the 3rd week of October 2017, and that week each year thereafter, as Digital Citizenship Week.
This measure would commend Korean American veterans of the Vietnam conflict for their service to the United States.