Section 1609 - Licensee's Evidence of Compliance with Education Offer(a) A licensee shall offer in writing, and at no cost to the borrower, a credit education program or seminar, and provide the borrower with a list of one or more available credit education programs or seminars. The written offer shall include the name of the program or seminar, location of the program or seminar offered, and language in which the program or seminar is offered to the borrower. The licensee shall have the borrower initial and date the written offer, and the licensee shall retain a copy of the written offer with the borrower's initials and date acknowledging receipt in the file.(b) A licensee shall include a copy of the written offer of a credit education program or seminar with any late notice provided to a borrower.Cal. Code Regs. Tit. 10, § 1609
1. New section filed 7-17-2014; operative 7-17-2014 pursuant to Government Code section 11343.4(b)(3) (Register 2014, No. 29). Note: Authority cited: Section 22150, Financial Code. Reference: Section 22370, Financial Code.
1. New section filed 7-17-2014; operative 7/17/2014 pursuant to Government Code section 11343.4(b)(3) (Register 2014, No. 29).