California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 3 - Commercial Financing Disclosures
Section 954 - Recipient's Relationship to California

Universal Citation: 10 CA Code of Regs 954

Current through Register 2024 Notice Reg. No. 38, September 20, 2024

(a) The requirement of section 22802, subdivision (a), of the code, applies only to recipients whose business is principally directed or managed from California.

(b) For the purpose of determining whether a recipient's business is "principally directed or managed from California" as described in subdivision (a), a provider may rely upon (i) any written representation by the recipient as to whether it is principally directed or managed from California, or (ii) the business address provided by the recipient in the application for financing.

1. New section filed 6-9-2022; operative 12-9-2022 pursuant to Government Code section 11343.4(b)(2) (Register 2022, No. 23). Transmission deadline specified in Government Code section 11346.4(b) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-71-20. Filing deadline specified in Government Code section 11349.3(a) extended 60 calendar days pursuant to Executive Order N-40-20 and an additional 60 calendar days pursuant to Executive Order N-71-20.

Note: Authority cited: Sections 321 and 22804, Financial Code. Reference: Sections 22800, 22802, 22803 and 22804, Financial Code.

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