Cal. Code Regs. Tit. 10, § 1510 - Credit Insurance: Extension Thereof

When the maturity date of a loan is extended by virtue of deferment of installments under Section 22400(a)(4) of the Financial Code or by agreement between the finance company and the borrower, existing credit life and credit disability insurance coverage shall be extended to cover the new term of the loan contract as provided in Section 22314(a) or 22400(a)(4) of the Financial Code, and the premium for this coverage may be charged to the borrower.

Notes

Cal. Code Regs. Tit. 10, § 1510

1. Amendment filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
2. Amendment of NOTE filed 5-15-84; effective thirtieth day thereafter (Register 84, No. 20).
3. Change without regulatory effect amending section and NOTE filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).
4. Amendment filed 8-4-98; operative 9-3-98 (Register 98, No. 32).

Note: Authority cited: Section 22150, Financial Code. Reference: Sections 22150, 22314 and 22400, Financial Code.

1. Amendment filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
2. Amendment of NOTE filed 5-15-84; effective thirtieth day thereafter (Register 84, No. 20).
3. Change without regulatory effect amending section and Note filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).
4. Amendment filed 8-4-98; operative 9-3-98 (Register 98, No. 32).