California Civil Code

§ 1789.25

CIV § 1789.25 Effective Jan 1, 2023Div. 3 · Title 1.6E · Part 4

Statute text

(a)Every credit services organization shall file a registration application with, and receive a certificate of registration from, the Department of Justice before conducting business in this state. The Department of Justice shall not issue a certificate of registration until the bond required by Section 1789.18 has been filed with the Office of the Secretary of State and the department establishes that the organization seeking a certificate satisfies the requirements of subdivision (f). The application shall be accompanied by a registration fee of one hundred dollars ($100). The registration application shall contain all of the following information:

(1)The name and address where business is actually conducted of the credit services organization.

(2)The names, addresses, and driver’s license numbers of any and all persons who directly or indirectly own or control 10 percent or more of the outstanding shares of stock in the credit services organization.

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Legislative history

Amended by Stats. 2022, Ch. 965, Sec. 11. (AB 2424) Effective January 1, 2023.