Fin. Code, § 90002 · Chapter 3. Exemptions
Fin. Code, § 90002
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) This division shall not apply to a licensee, or an employee of a licensee, of any state agency other than the Department of Financial Protection and Innovation to the extent that licensee or employee is acting under the authority of the other state agency’s license.
(b) (1) Except as provided by paragraph (2), this division shall not apply to a person or employee of that person to the extent that person or employee is acting under the authority of one of the following licenses, certificates, or charters issued by the Department of Financial Protection and Innovation:
(A) Any person licensed as an escrow agent under Division 6 (commencing with Section 17000) of the Financial Code.
(B) Any person licensed as a finance lender, broker, program administrator, or mortgage loan originator under Division 9 (commencing with Section 22000) of the Financial Code.
(C) Any person licensed as a broker-dealer or investment adviser under Division 1 (commencing with Section 25000) of Title 4 the Corporations Code.
(D) Any person licensed as a residential mortgage lender, a mortgage servicer, or a mortgage loan originator under Division 20 (commencing with Section 50000) of the Financial Code.
(E) Any person licensed as a check seller, bill payer, or prorater under Division 3 (commencing with Section 12000) of the Financial Code.
(F) Any person licensed as a capital access company under Division 3 (commencing with Section 28000) of Title 4 of the Corporations Code.
(G) Any person doing business under a license, charter, or certificate issued under the Financial Institutions Law, including Division 1 (commencing with Section 99), Division 1.1 (commencing with Section 1000), Division 1.2 (commencing with Section 2000), Division 1.6 (commencing with Section 4800), Division 2 (commencing with Section 5000), Division 5 (commencing with Section 14000), Division 7 (commencing with Section 18000), and Division 15 (commencing with Section 31000) of the Financial Code.
(2) Nothing in this subdivision shall be deemed to prevent the commissioner from using the authority provided by this division to enforce Section 90003.
(c) This division shall not apply to a bank, bank holding company, trust company, savings and loan association, savings and loan holding company, credit union, or an organization subject to oversight of the Farm Credit Administration, when acting under the authority of a license, certificate, or charter under federal law or the laws of another state.
(d) This division applies to all other covered persons, as defined in subdivision (f) of Section 90005.
Notes and commentary — not statutory text
History
Amended by Stats. 2025, Ch. 355, Sec. 1. (SB 825) Effective January 1, 2026.
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§ionNum=90002.
- Text hash
- sha256 bdf1f5193a2be03ad8421a0fd0392e12311a5cce04cc50baa71717ec953c6608
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Corporations Code
Financial Code
- Fin. Code, div. 1FINANCIAL INSTITUTIONSPrinted as Division 1 (commencing with Section 99) … of the Financial Code
- Fin. Code, div. 1.1BANKINGPrinted as Division 1.1 (commencing with Section 1000) … of the Financial Code
- Fin. Code, div. 1.2MONEY TRANSMISSION ACTPrinted as Division 1.2 (commencing with Section 2000) … of the Financial Code
- Fin. Code, div. 1.6DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSIONPrinted as Division 1.6 (commencing with Section 4800) … of the Financial Code
- Fin. Code, div. 2SAVINGS ASSOCIATION LAWPrinted as Division 2 (commencing with Section 5000) … of the Financial Code
- Fin. Code, div. 3CHECK SELLERS, BILL PAYERS, AND PRORATERSPrinted as Division 3 (commencing with Section 12000) of the Financial Code
- Fin. Code, div. 5CREDIT UNIONSPrinted as Division 5 (commencing with Section 14000) … of the Financial Code
- Fin. Code, div. 6ESCROW AGENTSPrinted as Division 6 (commencing with Section 17000) of the Financial Code
- Fin. Code, div. 7INDUSTRIAL LOAN COMPANIESPrinted as Division 7 (commencing with Section 18000) … of the Financial Code
- Fin. Code, div. 9CALIFORNIA FINANCING LAWPrinted as Division 9 (commencing with Section 22000) of the Financial Code
- Fin. Code, div. 15BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONSPrinted as Division 15 (commencing with Section 31000) of the Financial Code
- Fin. Code, div. 20CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACTPrinted as Division 20 (commencing with Section 50000) of the Financial Code
- Fin. Code, § 90003Printed as Section 90003
- Fin. Code, § 90005Printed as Section 90005
Cited by 2 provisions
Provisions in this library whose text cites Fin. Code, § 90002. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.