CA SB1290

Requires the Commissioner of Business Oversight to conduct a single consolidated examination for finance lenders, brokers, and deferred deposit transaction licensees that share common ownership (defined as wholly owned by the same person).

Permits all books, accounts, papers, records, and files required for consolidated examinations to be provided to the commissioner in electronic format.

Preserves the commissioner's authority to conduct periodic onsite investigations and examinations at licensees' physical business locations to ensure compliance.

Requires the commissioner to submit a report to the Legislature by January 1, 2020 regarding the impacts of the consolidated examination procedure on consumers and licensees.

Repeals these provisions on January 1, 2021.