Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 40 - Industrial Loans
Article 1 - General Provisions
Section 40.105 - Management Fees

Cal. Code Regs. tit. 10 § 40.105

Download
PDF
Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 40.105 - Management Fees

An industrial loan company shall not accrue, pay, or contract for the payment of a fee for management services performed by a parent or affiliate without first submitting a copy of its management contract to the Commissioner for nondisapproval. The management contract shall specify the services to be performed and the amount of fees to be paid or the manner and method of computing the fee. Any proposed change in the management contract shall be submitted to the Commissioner for nondisapproval.

Cal. Code Regs. Tit. 10, § 40.105

1. Change without regulatory effect renumbering former section 1117 to new section 40.105, including amendment of section and new NOTE filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18020, Financial Code.

1. Change without regulatory effect renumbering former section 1117 to new section 40.105, including amendment of section and new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).