Section 2696.28 - CDFI Recertification; Recertification Period(a) At least 30 days prior to expiration of certification as set forth in Section 2696.26(c)(1), a certified CDFI may submit a new application for certification pursuant to the procedures set forth in Section 2696.24. Provided that the certified CDFI has timely filed under this subdivision, its certification will remain in effect during review of the renewal application.(b) COIN may establish a recertification period during which all certified CDFIs shall submit a new application for certification pursuant to the procedures set forth in Section 2696.24. Any recertification period shall be subject to the conditions set forth in subdivisions (b)(1) through (b)(4) of this section. (1) At least ninety (90) days before applications are due as part of a recertification period, COIN shall publish on its website the final date when certification applications will be accepted.(2) No CDFI shall be required to apply for recertification prior to 24 months after its most recent certification.(3) If a certified CDFI fails to timely apply for recertification pursuant to this section, its certification will expire as set forth in Section 2696.26(c)(1)(B)1.(4) Upon good cause and sufficient notice, COIN may modify the periods in this section.Cal. Code Regs. Tit. 10, § 2696.28
1. New section filed 6-26-2014; operative 6-26-2014 (Register 2014, No. 26). Pursuant to Revenue and Taxation Code section 12209(f)(2) this is a deemed emergency, and pursuant to Revenue and Taxation Code section 12209(f)(3) this emergency regulation "shall remain in effect until amended or repealed by the department." Note: Authority cited: Sections 12209(f), 17053.57(d) and 23657(e), Revenue and Taxation Code. Reference: Sections 12209, 17053.57 and 23657, Revenue and Taxation Code; and Sections 926.1 and 12939, 12939.1 and 12939.2, Insurance Code.
1. New section filed 6-26-2014; operative 6/26/2014 (Register 2014, No. 26). Pursuant to Revenue and Taxation Code section 12209(f)(2) this is a deemed emergency, and pursuant to Revenue and Taxation Code section 12209(f)(3) this emergency regulation "shall remain in effect until amended or repealed by the department."