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 4 - Issuance of License
Subarticle 4 - Post-Approval Matters
Section 50.3308 - Report Regarding Differences from Application
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) Not more than 30 days nor less than 5 business days before an applicant is issued a license, such applicant shall file with the Commissioner a report signed an officer of the applicant, stating whether or not the applicant is or is to be different in any material respect from what was proposed in its application for a license and, if so, describing such difference.
(b) As an administrative standard, if the Commissioner finds that an applicant is or is to be different in any material respect from what was proposed in its application for a license and that, if such difference had existed at the time when the Commissioner decided such application, he would have denied the application, the Commissioner will revoke his approval of the application and will not issue a license to the applicant.
1.
Amendment of subsection (b) and new NOTE filed 4-7-97; operative 4-7-97
pursuant to Government Code section
11343.4(d)
(Register 97, No. 15).
2. Change without regulatory effect amending
section and NOTE filed 8-19-97 pursuant to section
100, title 1, California Code of
Regulations (Register 97, No. 34).
3. Amendment of section and NOTE
filed 4-14-98; operative 5-14-98 (Register 98, No.
16).
Note: Authority cited: Section 31101, Financial Code. Reference: Sections 31102, 31152 and 31154, Financial Code.
