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 40.405 - Extensions, Refinances, or Revisions
Universal Citation: 10 CA Code of Regs 40.405
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Accounts that are delinquent thirty (30) days or more shall not be extended, refinanced or revised unless there is evidence that the debtor will be able to adhere to the terms of the refinanced loans or revised terms.
1. Change without regulatory effect renumbering former section 1146 to new section 40.405 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 18347, Financial Code.
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