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§ 40.101.5. Other Business.

10 CA ADC § 40.101.5Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 40. Industrial Loans
Article 1. General Provisions
10 CCR § 40.101.5
§ 40.101.5. Other Business.
Currentness
Any request by an industrial loan company for authorization pursuant to Section 18344 of the Financial Code shall be in writing and shall contain a detailed statement of the business to which the request refers. Insurance sold in connection with loans as provided by Sections 18290, 18294, and 18295 of the Financial Code does not constitute “other business” under Section 18344 of the Financial Code. However, any other insurance will require authorization to engage in “other business.”

Credits

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18344, Financial Code.
History
1. Change without regulatory effect renumbering former section 1107 to new section 40.101 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Change without regulatory effect renumbering duplicative section 40.101 to new section 40.101.5 (Register 97, No. 42).
This database is current through 4/19/24 Register 2024, No. 16.
Cal. Admin. Code tit. 10, § 40.101.5, 10 CA ADC § 40.101.5
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