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§ 50.3205. Ability to Provide Financing Assistance.

10 CA ADC § 50.3205Barclays 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 § 50.3205
§ 50.3205. Ability to Provide 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 provide financing assistance to business firms on a regular and continuous basis. Thus, the Commissioner generally will not approve an application for a license if he finds that the applicant will provide financing assistance to business firms only in a limited amount or for a limited period of time and then merely service such financing assistance without providing additional financing assistance to the same or other business firms.

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, § 50.3205, 10 CA ADC § 50.3205
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