Section 22604 - Unlicensed persons making referrals; prohibited acts(a) Any person that receives compensation in connection with a referral, as described in Section 22602, that leads to the consummation of a commercial loan under this division may not do any of the following:(1) Make a materially false or misleading statement or representation to a prospective borrower about the terms or conditions of a prospective loan.(2) Advertise, print, display, publish, distribute, or broadcast any statement or representation with regard to the conditions for making or negotiating a loan that is false, misleading, or deceptive, or that omits material information that is necessary to make the statements made not false, misleading, or deceptive.(3) Engage in any act in violation of Section 17200 of the Business and Professions Code.(4) Commit an act that constitutes fraud or dishonest dealings.(5) Fail to safeguard a prospective borrower's personally identifiable information.(b) For purposes of this section, "personally identifiable information" means information that is not publicly available, that a prospective borrower provides for the purpose of obtaining a loan or other financial product. Personally identifiable information includes information a prospective borrower provides on an application to obtain a loan, credit card, or other financial product or service.(c) Whenever, in the opinion of the commissioner, any person is engaged in the business of soliciting borrowers for a loan to be made by a licensee under this division, and the person is not in compliance with this section, Section 22602, Section 22603, or any other provision of this division authorizing such activity or exempting the person from this division, the commissioner may order the person to desist and to refrain from engaging in the business or further violating this division.Added by Stats 2015 ch 761 (SB 197),s 3, eff. 1/1/2016.