Cal. Code Regs. tit. 10 § 40.101.5

Current through Register 2024 Notice Reg. No. 43, October 25, 2024

Section 40.101.5 - Other Business

Any request by an industrial loan company for authorization pursuant to Section 18344 of the Financial Code shall be in writing and shall contain a detailed statement of the business to which the request refers. Insurance sold in connection with loans as provided by Sections 18290, 18294, and 18295 of the Financial Code does not constitute "other business" under Section 18344 of the Financial Code. However, any other insurance will require authorization to engage in "other business."

Cal. Code Regs. Tit. 10, § 40.101.5

1. Change without regulatory effect renumbering former section 1107 to new section 40.101 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).
2. Change without regulatory effect renumbering duplicative section 40.101 to new section 40.101.5 (Register 97, No. 42).

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18344, Financial Code.