California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 6 - California Financing Law
Article 4 - Loans
Section 1449 - Instruments Signed by Borrower: Copies: Pertinent Provisions

Universal Citation: 10 CA Code of Regs 1449

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

(a) Upon making or renewing a loan a finance company shall:

(1) Deliver immediately to the borrower a copy of all notes, security agreements, financing statements if any, wage assignments, insurance authorizations, and any other contracts or agreements executed as evidence of, or security for, said loan; or

(2) Deliver immediately to the borrower the pertinent provisions of all notes, security agreements, financing statements if any, wage assignments, insurance authorizations and any other contracts or agreements executed as evidence of, or as security for, said loan.

(b) A finance company shall deliver to a borrower promptly on written demand a true copy of any or all instruments executed by the borrower in connection with his/her loan transaction unless previously given.

(c) Subsection (a) shall not be interpreted to require the delivery of the materials indicated at the time of an advance under an open end loan, other than any documents executed at the time of the advance.

1. Amendment filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
2. Editorial correction of HISTORY 1 (Register 95, No. 12).
3. Change without regulatory effect amending subsections (a), (a)(2) 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 22150 and 22337, Financial Code.

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