California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 11.5
Article 9 - Books and Records
Section 1950.314.5 - Statements of Account
Universal Citation: 9 CA Code of Regs 1950.314.5
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
A residential mortgage lender, residential mortgage lender and servicer, or residential mortgage loan servicer shall supply its borrowers with statements of account which show the transactions and current position of the borrower. The statements of account may show only the transactions for the period covered and the current positions and must be sent to the borrowers annually.
1. New section filed 11-25-96; operative 12-25-96 (Register 96, No. 48).
Note: Authority cited: Section 50304, Financial Code. Reference: Sections 50124, 50301 and 50314, Financial Code.
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