California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 40 - Industrial Loans
Article 6 - Loans and Obligations Receivable
Section 40.608 - Closing Statement and Escrow Instructions
Universal Citation: 10 CA Code of Regs 40.608
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
On any loan secured by real property in which loan proceeds were disbursed to an independent escrow holder, an industrial loan company shall retain a copy of the escrow instructions and the closing statement issued by the escrow holder.
1. Change without regulatory effect renumbering former section 1165 to new section 40.608 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 18029, Financial Code.
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