California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 15 - Student Loan Servicing Act
Article 6 - Examinations, Books and Records
Section 2041.5 - General Books and Records
Universal Citation: 10 CA Code of Regs 2041.5
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
(a) A student loan servicer shall establish, and maintain current at all times, the following books and records with reference to its general accounts:
(1) General ledgers reflecting the assets,
liabilities, capital, income and expense of the business, in accordance with
generally accepted accounting principles;
(2) Cash receipt and disbursement
journal.
(b) Books and records referenced in this rule must be maintained in accordance with generally accepted accounting principles.
1. New article 6 (sections 2041.5-2044) and section filed 3-28-2019; operative 3-28-2019 pursuant to Government Code section 11343.4(b)(3) (Register 2019, No. 13).
Note: Authority cited: Section 28106, Financial Code. Reference: Sections 28130 and 28152, Financial Code.
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