TITLE 38: FINANCIAL INSTITUTIONS
CHAPTER II: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 346 PREDATORY LENDING DATABASE
SECTION 346.35 DECLARATION OF INCEPTION DATE


 

Section 346.35  Declaration of Inception Date

 

The Secretary of Financial and Professional Regulation will declare in writing the date of creation ("inception date") of the Pilot Program created by Section 70(b) of the Act.  The inception date shall be at least 30 days after the date the Secretary's declaration is issued.  The Secretary's declaration will be established in this Part and will be posted on the Department's website.  The Department will communicate the declaration to affected licensees of the Department.  Until the inception date, none of the duties, obligations, contingencies or consequences of or from the Pilot Program will be imposed.  The four-year term of the program will begin on the inception date.