(

a) A finance lender, broker, or program administrator licensee seeking to engage in business at a new location shall submit an application for a branch office license to the commissioner at least days before engaging in business at a new location and pay the fee required by

Section 22103. The commissioner may require an applicant seeking to engage in business at a new location to submit its application, or parts thereof, through the Nationwide Mortgage Licensing System and Registry. (

b) The licensee may engage in business at the new location days after the date of submission of a branch office application. (c)

(1) The commissioner shall approve or deny the person responsible for the lending activity at the new location in accordance with

Section 22109, and shall notify the licensee of this decision within days of the date of receipt of the application.

(2) If the commissioner denies the application, the licensee shall, within days of the date of receipt of notification of the commissioner’s denial, submit a new application to the commissioner designating a different person responsible for the lending activity at the new location. The commissioner shall approve or deny the different person as provided in paragraph (1). (

d) A licensee shall not engage in business at a new location in a name other than a name approved by the commissioner. (

e) The commissioner may adopt regulations to implement the requirements of this section. (

f) A branch office license to engage in business at a new location shall be issued in accordance with this section. A change of street address of a place of business designated in a license shall be made in accordance with

Section and shall not constitute a new location subject to the requirements of this section. (

g) This

section shall become operative on January 1, 2019.