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 40.611 - Forms: Limitation on Distribution

Universal Citation: 10 CA Code of Regs 40.611

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

An industrial loan company shall not distribute to persons who are not prospective borrowers forms or documents which are used in connection with the making of loans and which are intended for distribution or exhibition by said persons to prospective borrowers. This provision shall not apply to:

1) a form used solely in the procurement of preliminary credit information and not signed or to be signed by the prospective borrower; or

2) premium finance agreements.

1. Change without regulatory effect renumbering former section 1168 to new section 40.611 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.

Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.