Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 40 - Industrial Loans
Article 10 - Appraisals
Section 40.1004 - Appraisal of Real Property

Cal. Code Regs. tit. 10 § 40.1004

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 40.1004 - Appraisal of Real Property

An industrial loan company shall obtain an appraisal of real property offered as security for a loan in accordance with a written appraisal policy approved by the board of directors.

Cal. Code Regs. Tit. 10, § 40.1004

1. Change without regulatory effect renumbering former section 1213.1 to new section 40.1004 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: Sections 18216 and 18266, Financial Code.

1. Change without regulatory effect renumbering former section 1213.1 to new section 40.1004 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).