Section 80.8310 - Criminal Proceedings(a) Whenever the chief executive officer of a licensee, the chief financial officer of a licensee, or the person in charge of the payment instrument business of a licensee is charged by complaint, information, or indictment with a crime against the interests of, or a crime relating to the business of, such licensee or any parent or subsidiary of the licensee or a crime involving fraud or dishonesty, the licensee shall, within 10 business days, file with the Commissioner a report containing the following information: (1) State the name of the person charged, and describe the relationship of the person with the licensee.(2) State the date on which the charge was issued.(3) State the name and address of the prosecuting agency.(4) Summarize the allegations made by the prosecuting agency.(b) Whenever any criminal proceeding of the type referred to in Subdivision (a) of this Section is concluded, the licensee shall, within 10 business days, file with the Commissioner a report identifying such criminal proceeding and describing the conclusion of the criminal proceeding.Cal. Code Regs. Tit. 10, § 80.8310
1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34). Note: Authority cited: Section 33202, Financial Code. Reference: Sections 33221 and 33902, Financial Code.
1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).