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§ 40.611. Forms: Limitation on Distribution.

10 CA ADC § 40.611Barclays 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 6. Loans and Obligations Receivable
10 CCR § 40.611
§ 40.611. Forms: Limitation on Distribution.
Currentness
An industrial loan company shall not distribute to persons who are not prospective borrowers forms or documents which are used in connection with the making of loans and which are intended for distribution or exhibition by said persons to prospective borrowers. This provision shall not apply to:
1) a form used solely in the procurement of preliminary credit information and not signed or to be signed by the prospective borrower; or
2) premium finance agreements.

Credits

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18347, Financial Code.
History
1. Change without regulatory effect renumbering former section 1168 to new section 40.611 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, § 40.611, 10 CA ADC § 40.611
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