Cal. Code Regs. tit. 10 § 10.16132
Current through Register 2024 Notice Reg. No. 52, December 27, 2024
Whenever an officer or employee of the approved depository of a subject institution, acting in the course and scope of his or her employment, obtains actual knowledge that the total value of the eligible assets in the pledge deposit for such subject institution is less than the applicable minimum, such approved depository shall immediately report the matter to the Commissioner by telephone. In addition, promptly thereafter, the approved depository shall serve a written report regarding the matter on the Commissioner and simultaneously serve a copy of such written report on the subject institution.
Cal. Code Regs. Tit. 10, § 10.16132
Note: Authority cited: Section 215, Financial Code. Reference: Sections 1705 and 1761, Financial Code.