Cal. Code Regs. tit. 10 § 40.305

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

Section 40.305 - Accounting Records: Electronic Data Processing Systems

The prior written consent of the Commissioner shall be obtained before an industrial loan company adopts an electronic data processing system or changes from one such system to another. Data submitted to the Commissioner must include a full description of the system and a complete plan of conversion. General guidelines for conversions are available upon request at any office of the Department. Any material change in any electronic data processing system that will result in altering or eliminating any reports or records produced by the system shall not be implemented without the prior written consent of the Commissioner.

Cal. Code Regs. Tit. 10, § 40.305

1. Change without regulatory effect renumbering former section 1138 to new section 40.305 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 18029, Financial Code.

1. Change without regulatory effect renumbering former section 1138 to new section 40.305 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).