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 50.3205 - Ability to Provide Financing Assistance

Cal. Code Regs. tit. 10 § 50.3205

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Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Section 50.3205 - Ability to Provide 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 provide financing assistance to business firms on a regular and continuous basis. Thus, the Commissioner generally will not approve an application for a license if he finds that the applicant will provide financing assistance to business firms only in a limited amount or for a limited period of time and then merely service such financing assistance without providing additional financing assistance to the same or other business firms.

Cal. Code Regs. Tit. 10, § 50.3205

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).