Cal. Code Regs. tit. 4 § 8044

Current through Register 2025 Notice Reg. No. 2, January 10, 2025

Section 8044 - Small Business Loans

In connection with small business loans made in accordance with California Code of Regulations, Title 10, Chapter 6.81 (commencing with Section 4610) adopted by the California Department of Commerce pursuant to California Health and Safety Code Section 44520(b), the Authority acknowledges said regulations and shall undertake to perform its obligations set forth therein. If any inconsistency exists between said regulations and this article, the provisions of said regulations shall apply. In addition, in connection with such small business loans, the following shall apply:

(a) Notwithstanding anything in Section 8043 to the contrary, the Authority shall be authorized to establish the loan guarantee percentage it deems necessary to facilitate the provision of such small business loans.

(b) The Authority shall be authorized to waive fees it charges pursuant to Section 8034 for all applicants approved for such small business loans.

Cal. Code Regs. Tit. 4, § 8044

1. New section filed 3-19-92 as an emergency; operative 3-19-92 (Register 92, No. 13). A Certificate of Compliance must be transmitted to OAL 7-17-92 or emergency language will be repealed by operation of law on the following day.
2. Certificate of Compliance as to 3-19-92 order including amendment of first paragraph transmitted to OAL 7-30-92 and filed 9-9-92 (Register 92, No. 37).

Note: Authority cited: Section 44520(b), Health and Safety Code. Reference: Sections 44533(b) and 44548(c), Health and Safety Code; Section 15335, Government Code.