Cal. Code Regs. tit. 10 § 40.104

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

Section 40.104 - Report of Defalcation Required

It shall be the responsibility of an industrial loan company to report promptly to the Commissioner any actual or alleged defalcation, embezzlement or theft of a material amount by an officer, director or employee of such industrial loan company.

Cal. Code Regs. Tit. 10, § 40.104

1. Change without regulatory effect renumbering former section 1113 to new section 40.104 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18117, Financial Code.

1. Change without regulatory effect renumbering former section 1113 to new section 40.104 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).