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 40.619 - Reconveyance Fees

Universal Citation: 10 CA Code of Regs 40.619

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

(a) A reconveyance fee shall not be charged in connection with the refinance of a loan secured by real property if the same real property will secure the new loan.

(b) A reconveyance fee charged by an industrial loan company, its parent, or any of its affiliates is a charge as defined in Section 18007 of the Financial Code.

1. Change without regulatory effect renumbering former section 1178 to new section 40.619 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 18007, Financial Code.

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