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The licensee is acting under the authority of such license and banks, bank holding companies, trust companies, savings and loan associations, savings and loan holding companies, and credit unions when such entities are acting under the authority of a license, certificate or charter under federal law or the laws of another state as originally contemplated in Governor Newsom’s 2020-2021 Budget and the accompanying trailer bill, continuing to be exempt from the CCFPL’s provisions will be licensees of any California state agency to the extent. […]

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