Cal. Code Regs. Tit. 10, § 1447 - Reports of Collections

A finance company shall request in writing that any person, to whom as agent or otherwise an account is referred for collection and who receives any sum from a borrower in connection with the collection of such account, report to such finance company in writing within not less than 30 days of the receipt of such sum the gross sum received and the date of the receipt thereof, provided, that if such account is referred or assigned pursuant to an express contract such contract shall specify that the report contemplated by this section must be given.


Cal. Code Regs. Tit. 10, § 1447

Note: Authority cited: Section 22150, Financial Code. Reference: Section 22156, Financial Code.

1. New NOTE filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
2. Change without regulatory effect amending Note filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).

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