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HomeFinancial Code[DIVISION 10. CON...Ch. 1Art. 3§ 23026 Annual Licensee Business Reports

§ 23026 Annual Licensee Business Reports

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 23026 Annual Licensee Business Reports

Key Takeaways

  • •Every year, businesses must send a report to the government by March 15 about their work from the year before.
  • •The report includes things like how many loans they gave, how much money was involved, and how many customers they had.
  • •The report is public, but small businesses can ask to keep their financial details private.
  • •The government will combine all the reports and share the big picture with everyone.

Example

A small payday loan shop must send a report every year.

The shop has to tell the government how many loans they gave out, how much money was loaned, and other details. If the shop is small, they can ask to keep some financial info private.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 23026 Annual Licensee Business Reports

On or before March 15 of each year, beginning March 2006, each licensee shall file an annual report with the commissioner pursuant to procedures that the commissioner shall establish, giving the relevant information that the commissioner reasonably requires concerning the business and operations conducted by the licensee within the state during the preceding calendar year for each licensed place of business. The licensee’s annual reports filed pursuant to this section shall be made available to the public for inspection, except, upon request in the annual report to the commissioner, the balance sheet contained in the annual report of a sole proprietor or any other nonpublicly traded persons. “Nonpublicly traded person,” for purposes of this section, means persons with securities owned by 35 or fewer individuals. The annual consolidated report shall be prepared by the commissioner and made available to the public. For the previous calendar year, these reports shall include the following and any other information the commissioner reasonably requires: (a) The total number and dollar amount of deferred deposit transactions made by the licensee. (b) The total number of individual customers who entered into deferred deposit transactions. (c) The minimum, maximum, and average amount of deferred deposit transactions. (d) The average annual percentage rate of deferred deposits. (e) The average number of days of deferred deposit transactions. (f) The total number and dollar amount of returned checks. (g) The total number and dollar amount of checks recovered. (h) The total number and dollar amount of checks charged off. (Amended by Stats. 2017, Ch. 329, Sec. 2. (AB 1636) Effective January 1, 2018.)

Last verified: January 23, 2026

Key Terms

commissionportsecuritieslicensetheir activitiesinformationinspection

Related Statutes

  • § 22159 Annual Licensee Business Reports
  • § 22105.2 Mortgage Licensing System Participation
  • § 23010 Licensee Change Reporting
  • § 23011 License Application Denial
  • § 23016 Licensee Cost Assessment

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 23026.
View Official Source