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§ 40.305. Accounting Records: Electronic Data Processing Systems.

10 CA ADC § 40.305Barclays 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 3. Books and Records
10 CCR § 40.305
§ 40.305. Accounting Records: Electronic Data Processing Systems.
The prior written consent of the Commissioner shall be obtained before an industrial loan company adopts an electronic data processing system or changes from one such system to another. Data submitted to the Commissioner must include a full description of the system and a complete plan of conversion. General guidelines for conversions are available upon request at any office of the Department. Any material change in any electronic data processing system that will result in altering or eliminating any reports or records produced by the system shall not be implemented without the prior written consent of the Commissioner.

Credits

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18029, Financial Code.
History
1. Change without regulatory effect renumbering former section 1138 to new section 40.305 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 10, § 40.305, 10 CA ADC § 40.305
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