Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 40 - Industrial Loans
Article 6 - Loans and Obligations Receivable
Section 40.611 - Forms: Limitation on Distribution

Cal. Code Regs. tit. 10 § 40.611

Download
PDF
Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 40.611 - Forms: Limitation on Distribution

An industrial loan company shall not distribute to persons who are not prospective borrowers forms or documents which are used in connection with the making of loans and which are intended for distribution or exhibition by said persons to prospective borrowers. This provision shall not apply to:

1) a form used solely in the procurement of preliminary credit information and not signed or to be signed by the prospective borrower; or
2) premium finance agreements.

Cal. Code Regs. Tit. 10, § 40.611

1. Change without regulatory effect renumbering former section 1168 to new section 40.611 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 18347, Financial Code.

1. Change without regulatory effect renumbering former section 1168 to new section 40.611 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).