California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 6 - California Financing Law
Article 6 - Insurance
Section 1498 - Requirement of Notice to Borrower in Event of Increase of an Insurance Premium

Universal Citation: 10 CA Code of Regs 1498
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

If an insurance premium is increased subsequent to the sale of the insurance in connection with a loan, the finance company shall notify the borrower of such increase. The notice to the borrower shall state the reason for the increase, the amount of the additional premium, any change in terms and the amount of any additional charges.

1. New NOTE 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: Sections 22150, 22311, 22312 and 22313, Financial Code.

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