Cal. Code Regs. tit. 10 § 1950.314.7
Current through Register 2024 Notice Reg. No. 25, June 21, 2024
A licensee shall credit any payment made to a borrower's account on the same business day the payment is received by the licensee, regardless of the date of processing. As a general rule, a licensee shall process any payment to a borrower's account within two business days from the business day the payment is received by the licensee.
Cal. Code Regs. Tit. 10, § 1950.314.7
Note: Authority cited: Section 50304, Financial Code. Reference: Section 50314, Financial Code.