§ 28125. — 28125. (Added by Stats. 2018, Ch. 379, Sec. 12.)

California § 28125.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 12.5.: DIVISION 12.5. Student Loan Servicing Act
• Ch. 2.: CHAPTER 2. Licensing
• Art. 3.: ARTICLE 3. Nationwide Multistate Licensing System and Registry

Text

(a)
The commissioner is authorized to establish relationships or contracts with the Nationwide Multistate Licensing System & Registry or other entities designated by the Nationwide Multistate Licensing System & Registry to collect and maintain records and process transaction fees or other fees related to licensees or other persons subject to this division.
(b)
For the purpose of participating in the Nationwide
Multistate Licensing System & Registry, the commissioner is authorized to waive or modify, in whole or in part, by rule, regulation, or order, any or all of the requirements of this division and to establish new requirements as reasonably necessary to participate in the Nationwide Multistate Licensing System & Registry.
(c)
The commissioner may use the Nationwide Multistate Licensing System & Registry as a channeling agent for requesting information from, and distributing information to, the Department of Justice, any other governmental agency, or any other source, as directed by the commissioner.
(d)
The commissioner shall establish a process through which applicants and licensees may challenge information entered into the Nationwide Multistate Licensing System & Registry by the commissioner.

Legislative History

Added by Stats. 2018, Ch. 379, Sec. 12. (AB 38) Effective January 1, 2019.