Cal. Code Regs. Tit. 10, § 1540 - Sales to Certain Persons Prohibited
A finance company shall not sell property securing a loan to any employee, officer, director or partner of such finance company or affiliate of such finance company, or to a relative of any of them.
Note: Authority cited: Section 22150, Financial Code. Reference: Sections 22150 and 22156, 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).
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.