Cal. Code Regs. tit. 10 § 40.904

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

Section 40.904 - Limitation on Sale of Credit Insurance: Refinance of Conditional Sale Contract

An industrial loan company shall not sell credit insurance with a loan that is made in whole or in part to refinance a conditional sale contract held by such industrial loan company when such contract is covered by credit insurance, unless the loan file contains evidence of the borrower's request for rebate of any unearned credit insurance premium applicable to such contract.

Cal. Code Regs. Tit. 10, § 40.904

1. Change without regulatory effect renumbering former section 1205 to new section 40.904 and adding new NOTE 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 18290, Financial Code.

1. Change without regulatory effect renumbering former section 1205 to new section 40.904 and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).