California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 40 - Industrial Loans
Article 4 - Reserves
Section 40.403 - Recoveries on Accounts Charged-off
Universal Citation: 10 CA Code of Regs 40.403
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Such recoveries must be credited to the reserve for losses account and not recorded as gross income.
1. Change without regulatory effect renumbering former section 1144 to new section 40.403 and adding 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 18343, Financial Code.
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