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 40.105 - Management Fees
An industrial loan company shall not accrue, pay, or contract for the payment of a fee for management services performed by a parent or affiliate without first submitting a copy of its management contract to the Commissioner for nondisapproval. The management contract shall specify the services to be performed and the amount of fees to be paid or the manner and method of computing the fee. Any proposed change in the management contract shall be submitted to the Commissioner for nondisapproval.
1. Change without regulatory effect renumbering former section 1117 to new section 40.105, including amendment of section and new NOTE 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 18020, Financial Code.