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§ 40.1700. Down Payments--Record Keeping.

10 CA ADC § 40.1700Barclays 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 15. Premium Finance Agencies
10 CCR § 40.1700
§ 40.1700. Down Payments--Record Keeping.
Currentness
A premium finance agency that maintains a time deposit, a certificate of deposit or a letter of credit pursuant to Section 18593 of the Financial Code shall establish and maintain currently the following records:
(a) Cash receipts and disbursements journals or other records showing receipts and disbursements of down payment;
(b) Down payment liability control account.

Credits

Note: Authority cited: Section 18347, Financial Code. Reference: Sections 18029 and 18593, Financial Code.
History
1. Change without regulatory effect adding new article 15 (sections 40.1700-40.1703) and renumbering former section 1285 to new section 40.1700 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, § 40.1700, 10 CA ADC § 40.1700
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