Except for obligations secured by real property, an obligation may be considered to be secured by the Commissioner if the market value of the collateral can be ascertained by reference to a standard publication in general use by the trade.
Cal. Code Regs. Tit. 10, § 40.1001
1. Change without regulatory effect renumbering and amending former section 1211 to new section 40.1001 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 18266, Financial Code.
1. Change without regulatory effect renumbering and amending former section 1211 to new section 40.1001 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).