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CA SB1361
Bill
AI Summary
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Deletes prohibition on disclosing Department of Business Oversight records and requires the Commissioner to publish all final orders issued under specified Financial Code sections on the department's Internet website.
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Allows the Commissioner to delay publication of final orders for a reasonable time if publication would threaten the safety or soundness of a regulated institution.
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Permits the Commissioner to redact customer-identifying information from published final orders prior to publication.
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Amends electronic filing verification requirements so that identity verification satisfies all other verifications required by the Commissioner.
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Requires licensees to establish and maintain an electronic service address for receiving communications from the Commissioner, notify the Commissioner before changing the address, and provides fines up to $50 per day (not exceeding $1,000) for failure to comply.
Legislative Description
Department of Business Oversight: administration.
Last Action
Chaptered by Secretary of State. Chapter 699, Statutes of 2018.
9/22/2018