Cal. Code Regs. Tit. 10, § 1448 - Acceleration of Repayment: Limitations
The finance company shall not be entitled to accelerate repayment of the loan:
(a) Upon failure of the borrower immediately to pay any sum or sums advanced by the finance company for itself or the borrower for the preservation or protection of the security;
(b) If the finance company feels insecure due to a change in the financial condition of the borrower; and
(c) If any misstatement has been made by the borrower with reference to his/her credit or financial standing.
Note: Authority cited: Section 22150, Financial Code. Reference: Section 22150, Financial Code.
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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