Fin. Code, § 23038 · Chapter 2. Deferred Deposit Transactions

Fin. Code, § 23038

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

(a) Any person who violates any provision of Section 987 of Title 10 of the United States Code, as amended by 126 Stat. 1785 (Public Law 112-239), or any provision of Part 232 (commencing with Section 232.1) of Subchapter M of Chapter I of Subtitle A of Title 32 of the Code of Federal Regulations, as published on July 22, 2015, on page 43560 in Number 140 of Volume 80 of the Federal Register, violates this division.

(b) A person that does not market deferred deposit transactions to, or does not enter into those transactions with, covered borrowers, as that term is defined under Part 232 (commencing with Section 232.1) of Subchapter M of Chapter I of Subtitle A of Title 32 of the Code of Federal Regulations, as amended on the date described in subdivision (a), shall not be in violation of Section 394 of the Military and Veterans Code.

Notes and commentary — not statutory text

History

Amended by Stats. 2017, Ch. 514, Sec. 4. (SB 266) Effective January 1, 2018.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN&sectionNum=23038.
Text hash: sha256 b8be111c187df315599604bd8b221ae26d25574fd75b35303dafc8ae69dc08eb
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This section cites

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Military and Veterans Code

Mil. & Vet. Code, § 394Printed as Section 394 of the Military and Veterans Code

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