Franchise Investment LawGeneral Provisions
Section § 31510
The commissioner has the option to respond to requests from people who want an official explanation or interpretation of certain financial regulations.
Section § 31511
This law section says that if someone acts in good faith following a rule, order, or opinion from the commissioner or Attorney General, they will not be held liable, even if that guidance later changes or is found invalid.
Section § 31512
This law says that if a franchise agreement tries to make someone give up their rights to follow the law or any related rules or orders, that part of the agreement is invalid and won't be enforced.
Section § 31512.1
This law says that if a franchise agreement or related documents try to deny any statements made by the franchisor or claim that a franchisee can't rely on those statements, those parts of the documents are not valid. Basically, if the franchisor or their people make claims to a prospective franchisee, or if a franchisee depends on the information in the franchise disclosure, the law protects the franchisee's right to rely on what they are told. Any attempt to waive these rights is automatically void.
Section § 31513
This law states that if someone is supposed to have a hearing under certain government procedures, they might instead have a formal hearing directly with the Department of Financial Protection and Innovation. This can happen only if both the person involved and the commissioner agree. Once this department hearing occurs, the person can't seek any more administrative reviews or appeals.
Section § 31514
This section basically says that if one part of the law is found to be invalid or doesn't apply, it won't affect the rest of the law. The other parts can still work independently and are designed to stand on their own.
Section § 31515
This section states that for any legal cases based on events that happened before the new law took effect, the old law will still apply. Basically, if something happened before the new law, the rules at that time continue to govern any legal actions taken.
Section § 31516
This section makes it clear that the rules under the Real Estate Law still apply when selling or leasing real estate, regardless of what this law says.