California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 6 - California Financing Law
Article 4 - Loans
Section 1448 - Acceleration of Repayment: Limitations

Universal Citation: 10 CA Code of Regs 1448

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

The finance company shall not be entitled to accelerate repayment of the loan:

(a) Upon failure of the borrower immediately to pay any sum or sums advanced by the finance company for itself or the borrower for the preservation or protection of the security;

(b) If the finance company feels insecure due to a change in the financial condition of the borrower; and

(c) If any misstatement has been made by the borrower with reference to his/her credit or financial standing.

1. Amendment filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
2. Change without regulatory effect amending 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: Section 22150, Financial Code.

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