(a) The bureauâs administration of this article or Article 13 (commencing with Section 94919) shall not preclude the authority of the Department of Financial Protection and Innovation over, and application of the California Consumer Financial Protection Law to, any âcovered personsâ as defined by subdivision (f) of Section 90005 of the Financial Code, including, but not limited to, private postsecondary educational institutions. (b) Nothing in this chapter shall constitute regulation of an institutionâs financial product or service pursuant to subparagraph (B) of paragraph (2) of subdivision (a) of Section 90009 of the Financial Code, or shall otherwise be construed to limit the Department of Financial Protection and Innovationâs jurisdiction with respect to an institutionâs financial product or service. (c) An institution subject to this chapter shall not be considered âacting under the authorityâ of its status with the bureau pursuant to subdivision (a) of Section 90002 of the Financial Code when offering financial products or services.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.