Statutes, codes, and regulations
California Code Of Regulations
Title 10 - InvestmentChapter 1 - Commissioner of Business Oversight, Division of Financial InstitutionsSubchapter 50 - Business and Industrial Development CorporationsArticle 4 - Issuance of License
Subarticle 3 - Administrative Standards and Procedures
Section 50.3204 - Ability to Service Financing Assistance

Cal. Code Regs. tit. 10 § 50.3204

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 50.3204 - Ability to Service Financing Assistance

As an administrative standard, the Commissioner generally will deny an application for a license if he finds that the applicant will not be able to service on a regular and continuous basis the financing assistance that it provides to business firms (including evaluating and collecting the loans that it makes to business firms), either entirely by itself or with the assistance of data processing services provided by another person.

Cal. Code Regs. Tit. 10, § 50.3204

1. Change without regulatory effect amending section and adding new NOTE filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 31101, Financial Code.

1. Change without regulatory effect amending section and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).