An industrial loan company shall obtain an appraisal of real property offered as security for a loan in accordance with a written appraisal policy approved by the board of directors.
Cal. Code Regs. Tit. 10, § 40.1004
1. Change without regulatory effect renumbering former section 1213.1 to new section 40.1004 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: Sections 18216 and 18266, Financial Code.
1. Change without regulatory effect renumbering former section 1213.1 to new section 40.1004 filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).