California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 40 - Industrial Loans
Article 1 - General Provisions
Section 40.104 - Report of Defalcation Required
Universal Citation: 10 CA Code of Regs 40.104
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
It shall be the responsibility of an industrial loan company to report promptly to the Commissioner any actual or alleged defalcation, embezzlement or theft of a material amount by an officer, director or employee of such industrial loan company.
1. Change without regulatory effect renumbering former section 1113 to new section 40.104 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
Note: Authority cited: Section 18347, Financial Code. Reference: Section 18117, Financial Code.
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