SB825 amends the Financial Code to clarify the scope of financial protection regulations for certain licensees.

SB825 amends Section 90002 of the Financial Code to specify that certain financial protection regulations do not apply to certain licensees and employees acting under specific licenses or charters. These include those under the authority of the Department of Financial Protection and Innovation, as well as those licensed as escrow agents, finance lenders, brokers, program administrators, mortgage loan originators, broker-dealers, investment advisers, residential mortgage lenders, mortgage servicers, check sellers, bill payers, proraters, and capital access companies.

SB825 amends the Financial Code to clarify the scope of financial protection regulations for certain licensees.

SB825 amends Section 90002 of the Financial Code to specify that certain financial protection regulations do not apply to certain licensees and employees acting under specific licenses or charters. These include those under the authority of the Department of Financial Protection and Innovation, as well as those licensed as escrow agents, finance lenders, brokers, program administrators, mortgage loan originators, broker-dealers, investment advisers, residential mortgage lenders, mortgage servicers, check sellers, bill payers, proraters, and capital access companies.