California Code of Regulations
Title 10 - Investment
Chapter 2 - Savings and Loan Commissioner
Subchapter 5 - Operations-Accounting
Article 1 - Accounting
Section 105.103 - Accounting for Losses and Valuation Allowances
Universal Citation: 10 CA Code of Regs 105.103
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
Associations shall determine the need for valuation allowances at least as of the end of each calendar quarter and as of the date of published financial statements and any necessary provisions for loss shall be recorded in accordance with generally accepted accounting principles.
1. Change without regulatory effect renumbering former Section 104 to Section 105.103 (Register 87, No. 14). For prior history, see Register 83, No. 49.
Note: Authority cited: Section 5255, Financial Code. Reference: Section 8706, Financial Code.
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