Cal. Code Regs. tit. 10 § 1950.301

Current through Register 2024 Notice Reg. No. 25, June 21, 2024

Section 1950.301 - Fingerprinting of Certain Employees

(a) If a licensee suffers a loss of trust funds as a result of the actions of an employee, as defined by subsection (b) of Rule 1950.122.2, and that employee is or was an individual prohibited from employment with a licensee under Section 50317(a) of the Code, then the Department, at the discretion of the Commissioner, may undertake to obtain a (1) Statement of Identity and Questionnaire, or similar report, including but not limited to the Form MU2, (2) notice under Rule 1950.122.2, and (3) fingerprints of all other such employees for the purpose of determining whether other prohibited individuals have been so employed by the licensee.

(b) A licensee shall cooperate fully with the Department in complying with the requirement of subsection (a).

Cal. Code Regs. Tit. 10, § 1950.301

1. New article 8 (section 1950.301) and section filed 11-25-96; operative 12-25-96 (Register 96, No. 48).
2. Amendment of subsection (a) and NOTE filed 4-1-2010 as an emergency; operative 4-1-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.
3. Amendment of subsection (a) and NOTE refiled 9-28-2010 as an emergency; operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.
4. Amendment of subsection (a) and NOTE refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.
5. Certificate of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed 4-25-2011 (Register 2011, No. 17).

Note: Authority cited: Section 50304, Financial Code. Reference: Sections 50140 and 50317, Financial Code.

1. New article 8 (section 1950.301) and section filed 11-25-96; operative 12-25-96 (Register 96, No. 48).
2. Amendment of subsection (a) and Note filed 4-1-2010 as an emergency; operative 4-1-2010 (Register 2010, No. 14). A Certificate of Compliance must be transmitted to OAL by 9-28-2010 or emergency language will be repealed by operation of law on the following day.
3. Amendment of subsection (a) and Note refiled 9-28-2010 as an emergency; operative 9-28-2010 (Register 2010, No. 40). A Certificate of Compliance must be transmitted to OAL by 12-27-2010 or emergency language will be repealed by operation of law on the following day.
4. Amendment of subsection (a) and Note refiled 12-23-2010 as an emergency; operative 12-23-2010 (Register 2010, No. 52). A Certificate of Compliance must be transmitted to OAL by 3-23-2011 or emergency language will be repealed by operation of law on the following day.
5. Certificate of Compliance as to 12-23-2010 order transmitted to OAL 3-14-2011 and filed 4-25-2011 (Register 2011, No. 17).