Cal. Code Regs. tit. 2 § 1898.6

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 1898.6 - Assignment and Endorsement by Power of Attorney

In lieu of individually assigning each pledged mortgage or deed of trust and placing its unqualified endorsement on each promissory note, pursuant to Sections 1898.4 and 1898.5, a depository may furnish an appropriate resolution of its Board of Directors and an irrevocable power of attorney authorizing the Treasurer to assign the securities to the Treasurer. The resolution and power of attorney shall be in such form as the Treasurer may prescribe.

Cal. Code Regs. Tit. 2, § 1898.6