Cal. Code Regs. tit. 10 § 40.1700

Current through Register 2024 Notice Reg. No. 52, December 27, 2024

Section 40.1700 - Down Payments-Record Keeping

A premium finance agency that maintains a time deposit, a certificate of deposit or a letter of credit pursuant to Section 18593 of the Financial Code shall establish and maintain currently the following records:

(a) Cash receipts and disbursements journals or other records showing receipts and disbursements of down payment;

(b) Down payment liability control account.

Cal. Code Regs. Tit. 10, § 40.1700

1. Change without regulatory effect adding new article 15 (sections 40.1700-40.1703) and renumbering former section 1285 to new section 40.1700 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 18029 and 18593, Financial Code.

1. Change without regulatory effect adding new article 15 (sections 40.1700-40.1703) and renumbering former section 1285 to new section 40.1700 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).