Cal. Code Regs. Tit. 10, § 5005 - Micro Loan Program

No Corporation shall be authorized to issue Micro Loan Guarantees unless approved by the Director. Approval shall be granted to any Corporation which can demonstrate that it has a marketing plan for the program.


Cal. Code Regs. Tit. 10, § 5005

Note: Authority cited: Section 14024, Corporations Code. Reference: Sections 14025(a) and 14064, Corporations Code.

1. Repealer and new section filed 6-24-91; operative 7-24-91 (Register 91, No. 42).
2. Amendment filed 12-27-2004 as a deemed emergency pursuant to Corporations Code section 14024; operative 12-27-2004 (Register 2004, No. 53). A Certificate of Compliance must be transmitted to OAL by 6-27-2005 or emergency language will be repealed by operation of law on the following day.
3. Editorial correction of History2 (Register 2005, No. 27).
4. Certificate of Compliance as to 12-27-2004 order, including amendment of Note, transmitted to OAL 5-25-2005 and filed 7-7-2005 (Register 2005, No. 27).

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