California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 13 - Deferred Deposit Transaction Law
Article 2 - Books and Records
Section 2027 - Records Maintained at Multiple Locations

Universal Citation: 10 CA Code of Regs 2027
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

A deferred deposit originator shall maintain separate deferred deposit transaction records for each licensed business location in accordance with the provisions of this article, in order to distinguish each licensed business location and operations from other licensed business locations or operations subject to this subchapter. A deferred deposit originator shall maintain separate deferred deposit transaction records from those deferred deposit transaction records maintained by any other business that is transacted at the same office, room, or place of business. Nothing in this section shall be construed to prohibit a deferred deposit originator from maintaining one bank account or one database for all licensed locations, provided that the records of each licensed location can be identified and distinguished.

1. New section filed 1-25-2006; operative 1-25-2006 pursuant to Government Code section 11343.4 (Register 2006, No. 4).

Note: Authority cited: Section 23015, Financial Code. Reference: Sections 23024 and 23046, Financial Code.

Disclaimer: These regulations may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.