California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 6 - California Financing Law
Article 3 - Books, Records and Examinations
Section 1429 - Loan Documents: When Loan is Transferred Outside a Company

Universal Citation: 10 CA Code of Regs 1429
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

Except when otherwise provided by Section 22158 of the Financial Code, whenever any loan is sold, transferred or assigned to an unaffiliated entity, the finance company relinquishing the loan shall maintain at its licensed location the original or an exact copy of the application for a loan and all papers and other documents relating to such transaction, as provided by the Law.

1. Amendment filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
2. Amendment filed 2-21-85; effective thirtieth day thereafter (Register 85, No. 8).
3. Change without regulatory effect amending section and NOTE filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).

Note: Authority cited: Section 22150, Financial Code. Reference: Sections 22156, 22157, 22158 and 22709, Financial Code.

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