Cal. Code Regs. Tit. 10, § 1515 - Limitation on Sale of Credit Insurance: Refinance of Conditional Sale Contract

A finance company shall not sell credit insurance with a loan that is made in whole or part to refinance a conditional sale contract held by such finance company when such contract is covered by credit insurance, unless the loan file contains evidence of the borrower's request for rebate of any unearned credit insurance premium applicable to such contract.


Cal. Code Regs. Tit. 10, § 1515

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