Points of Interest Summer 2019 Page 37 By expanding the crime of perjury, the new law would impose a state- mandated local program for violators. The law requires the commissioner to provide a written statement of the findings of the examination, to issue a copy of that statement to the licensee’s principals, officers, or directors, and to take appropriate steps to ensure correction of any violations. Thecommissioneralsomaysubjectanaffiliateofalicenseetoexamination on the same terms as the licensee, but only when reports from an examination of a licensee provides documented evidence of unlawful activity between a licensee and the affiliate benefitting or affecting the licensee, or arising from any other activities regulated by the California Financial Code. Dennis Baranowski is the Vice-Chair of the Banking and Finance group at Geraci LLP. He has extensive experience in helping banks, credit unions, mortgage funds, private lenders, brokers, developers, and loan servicers navigate through complex transactions, including negotiation of terms, transaction review, and drafting of documents. He developed and manages Geraci’s cannabis lending and compliance practice and has regularly presented on cannabis lending, as well as had articles on the topic published in national trade publications. Mr. Baranowski believes in dedicated,constantcommunication,andprovidingswift,custom,effective, and efficient solutions to client problems. He understands that his role is not to stand in the way of a transaction, but to be a trusted guide in all lending matters. Assembly Bill – continued from page 36