Home Table of Contents

§ 50.3204. Ability to Service Financing Assistance.

10 CA ADC § 50.3204Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 1. Commissioner of Business Oversight, Division of Financial Institutions
Subchapter 50. Business and Industrial Development Corporations
Article 4. Issuance of License
Subarticle 3. Administrative Standards and Procedures
10 CCR § 50.3204
§ 50.3204. Ability to Service Financing Assistance.
As an administrative standard, the Commissioner generally will deny an application for a license if he finds that the applicant will not be able to service on a regular and continuous basis the financing assistance that it provides to business firms (including evaluating and collecting the loans that it makes to business firms), either entirely by itself or with the assistance of data processing services provided by another person.

Credits

Note: Authority cited: Section 31101, Financial Code.
History
1. Change without regulatory effect amending section and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 50.3204, 10 CA ADC § 50.3204
End of Document