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 40.610 - Notary Fees

An industrial loan company may not charge or collect from a borrower any consideration for notary services unless such consideration is actually paid to and retained by the notary public who rendered such services. An industrial loan company may not directly or indirectly receive, participate in or benefit from the consideration paid for said notary services.

1. Change without regulatory effect renumbering former section 1167 to new section 40.610 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 18215, Financial Code.