California Code of Regulations
Title 10 - Investment
Chapter 1 - Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50 - Business and Industrial Development Corporations
Article 14 - Reports
Subarticle 4 - Other Reports
Section 50.15302 - Eligibility Under Small Business Act

(a) Whenever a licensee files with the Small Business Administration an application for eligibility to participate with the Small Business Administration in making loans, such licensee shall concurrently file with the Commissioner a report containing a copy of such application.

(b) Whenever a licensee files with the Small Business Administration an amendment of any application of the type referred to in Subdivision (a) of this Section, such licensee shall concurrently file with the Commissioner a report containing a copy of such amendment.

(c) Whenever an application of the type referred to in Subdivision (a) of this Section by a licensee is approved or denied, such licensee shall promptly file with the Commissioner a report containing a copy of such approval or denial.

(d) Whenever proceedings are initiated to suspend or revoke the eligibility of a licensee to participate with the Small Business Administration in making loans, such licensee shall promptly file with the Commissioner a report containing a copy of the notice, complaint, or any other document by which such proceedings were initiated.

(e) Whenever the eligibility of a licensee to participate with the Small Business Administration in making loans is suspended or revoked, such licensee shall promptly file with the Commissioner a report containing a copy of the order, decision, or other document by which such eligibility was suspended or revoked.

(f) Whenever a licensee surrenders for cancellation its eligibility to participate with the Small Business Administration in making loans, such licensee shall promptly file with the Commissioner a report containing the following information: