California Administrative Code

A credit union shall keep the Commissioner advised at all times of the address at which said books and records are maintained and the office hours of the credit union.

(a) The following books and records are to be retained permanently at the office of the credit union. (1) Articles of incorporation, bylaws and amendments to the articles and bylaws. (2) Certificate to act as a credit union, amendments thereto, and administrative orders of the Co…

The following charges shall be made for copies and telecopies of documents furnished by the Commissioner and for certification thereof: (a) Two dollars for each certificate under seal affixed thereto, plus 30 cents for each page or fraction thereof to be certified, whether the co…

As used in this Article, the following definitions will apply: (a) “Recovery Account” means the separate account in the Real Estate Fund established pursuant to Section 10450.6 of the Code for purposes of carrying out the provisions of Chapter 6.5 of the Real Estate Law. (b) “App…

(a) An application for payment from the Recovery Account shall be made on a form prescribed by the Department, shall contain the items specified by Section 10471(c) of the Code, and shall contain all of the information specified in Section 3102, except as provided in subdivision …

(a) In lieu of obtaining a license, a person with a currently valid unrestricted appraiser license issued by another state may be issued a Temporary Practice Permit to perform a single appraisal assignment. (b) A Temporary Practice Permit is not required if a person from another …

(a) All applicants for, and holders of, any license or permit authorized by this chapter shall meet the minimum requirements set forth in this chapter or those established by the Appraiser Qualifications Board, whichever is greater. (b) Notwithstanding any other provision in this…

(a) Applications for licensing shall be valid for one year from date of receipt by the Bureau, during which time the applicant must qualify for admission to the examination. The one-year period shall not be extended. If the applicant wishes to be considered for licensure after ex…

(a) Documentation of work experience shall be made available to the Bureau by the applicant upon request. (b) Documentation of work experience shall include the following: (1) Log of Appraisal Experience Form REA 3004 (Rev. 01/01/2023) which is herein incorporated by reference. (…

Challenge courses are not acceptable to meet basic education requirements.

(a) To obtain a Trainee License, an applicant shall satisfy the following minimum education requirements: (1) Completion of basic education that covers the minimum number of hours and specific topics required by AQB for a trainee license and meets the minimum requirements of Sect…

(a) Any proposed material change to an accredited education offering, school management or school operating policies shall be submitted by the provider to the Bureau for consideration and approval prior to use, together with a new accreditation application and fee. (b) “Material …

(a) The course provider shall maintain a student record for each participant for a period of at least five years from completion of the course. The record shall include, at a minimum, the following information: (1) The Bureau's accreditation number for the offering; (2) Name and …

Any financial information contained in or attached to any advertising shall be based on the most recent audited financial statement filed with the Commissioner under Section 18405 of the Financial Code. Any condensed financial statement so used shall comply with Section 40.1301 o…

(a) Unless otherwise exempted by law, every person or his or her designated representative upon reasonable notice, identification and payment of copy fees shall have the following rights to inspect Bureau records containing personal information about himself or herself: (1) To kn…

It having been found, pursuant to Government Code section 11344, that the printing of regulations constituting the Conflict of Interest Code is impractical and these regulations being of limited and particular application are not published in full in the California Code of Regula…

A loan made or obligation purchased shall be considered unsecured within the meaning of Section 18271 of the Financial Code and Sections 40.401 and 40.613 of this Chapter unless the collateral given as security is supported by an adequate written appraisal or the market value the…

Appraisals of personal property pursuant to Section 18266 of the Financial Code shall be in accordance with a written appraisal policy approved by the board of directors of the industrial loan company. At a minimum, the written appraisal policy shall require that: (a) The apprais…

An industrial loan company shall obtain an appraisal of real property offered as security for a loan in accordance with a written appraisal policy approved by the board of directors.

(a) The terms and conditions of a Loan Agreement to a Small Business shall include all of the following: (1) Except for an Extended Guarantee, as defined in subsection (b)(6), the maximum interest rate shall be determined based upon the percentage of the Loan which is guaranteed …

For purposes of Section 18345 of the Financial Code, management personnel shall include supervisors, managers, persons who make loans or purchase obligations and persons who may be in charge of a place of business of an industrial loan company. The notification of changes in pers…

An industrial loan company shall immediately report in writing to the Commissioner any criminal action filed against such company or its officers, directors or management personnel.

It shall be the responsibility of an industrial loan company to report promptly to the Commissioner any actual or alleged defalcation, embezzlement or theft of a material amount by an officer, director or employee of such industrial loan company.

(a) Before the articles of incorporation of an industrial loan company or any proposed amendments to the articles of incorporation are filed with the Secretary of State, a draft of the articles or the proposed amendment shall be submitted to the Commissioner for written approval.…

An industrial loan company shall maintain at all times its control books, accounts, and records in the State of California at the principal or administrative office designated in writing to the Commissioner.

(a) The title to any property acquired by foreclosure or by deed in lieu of foreclosure must be in the name of the industrial loan company, and the deed immediately recorded. The property shall be accounted for in the appropriate real property held for sale account. Subsidiary le…

An industrial loan company shall use the following account numbers and titles. Additional accounts to be used must have titles that are adequately explanatory and must be numbered under the appropriate grouping. However, an industrial loan company formed prior to Janaury 1, 1974 …

An industrial loan company shall employ a system which provides a current, reasonable accounting of its unearned charges and discount for loans made and obligations purchased. Acquisition costs shall not be taken into income. An industrial loan company that does not maintain a pe…

A ratio of certificates to capital and surplus restricted as to payment of cash dividends under section 18319 of the Financial Code, of 20 to 1 will ordinarily be granted to established companies with records of sound performance. The Commissioner may, in other cases, limit the r…

(a) The application filed by an industrial loan company for authority to increase its ratio of certificates to capital and surplus restricted as to payment of cash dividends pursuant to subdivisions (b), (c) and (d) of Section 18320 of the Financial Code shall be accompanied by t…

Except for loans secured by 100 percent of the industrial loan company's investment certificates, if a loan repayable by a single payment is not fully paid at maturity, it may be refinanced or extended for a new term not to exceed the original term of such loan, provided that at …

(a) A reconveyance fee shall not be charged in connection with the refinance of a loan secured by real property if the same real property will secure the new loan. (b) A reconveyance fee charged by an industrial loan company, its parent, or any of its affiliates is a charge as de…

(a) An industrial loan company is not required to make credit disability insurance available. If offered, however, credit disability insurance must be offered on a voluntary basis, without conditions as to the acceptance of other benefits for which the borrower will be charged. T…

(a) All eligibility requirements contained herein shall be applied without regard to the race, creed, color, gender, religion, national origin, or disability of the individual applying for the public benefit. (b) Pursuant to Section 411 of the Personal Responsibility and Work Opp…

(a) All eligibility requirements contained herein shall be applied without regard to the race, creed, color, gender, religion, disability, or national origin of the individual applying for the public benefit. (b) Pursuant to Section 411 of the Personal Responsibility and Work Opp…

In addition to the definitions contained in Corporations Code section 14010 and section 5000 of Title 10 of the California Code of Regulations, the following supplemental definitions shall govern the construction of this chapter: (a) “Agricultural Enterprise” means a business eng…

(a) The terms and conditions of a Loan Agreement to a Farm Enterprise shall include all of the following: (1) The maximum interest rate shall be determined based upon the percentage of the Loan which is guaranteed by a Corporation, as follows: (A) If the percentage guaranteed is …

(a) “Agency” means the California Trade and Commerce Agency. (b) “Applicant” means an Eligible Community which has applied to the Agency for a Grant. (c) “Application” means the information and attachments, described in sections 4020.4, 4020.5, and 4020.6. (d) “Base Closure” mean…

An eligible Application is one which meets all of the following requirements: (a) It is submitted by an Applicant. (b) The Applicant is the same Applicant identified in the Federal Assistance award. (c) The Application is for either a Planning Grant or an Implementation Grant add…

(a) In addition to the items described in section 4020.4 and 4020.6, each Application shall contain the information listed in subsections (b) through (g). A panel consisting of not fewer than three (3) nor more than six (6) professional, full-time employees of the Agency shall ev…

Two or more applications may be combined in the same document if all such applications: (a) Are made by the same person; (b) Are required to be in the form of a letter addressed to the Commissioner; and (c) Concern the same transaction or proposal or related transactions or propo…

Whenever an application is filed with the Commissioner, the original and one copy of such application shall be filed. Only the original of an application need be executed.

(a) An application shall be dated and shall set forth the name, address, and telephone number of the applicant, identify the subject matter of the application, and contain such other information as the Commissioner, this Chapter, or any law administered by the Commissioner may re…

Whenever an application, when received at an office of the Commissioner, is deficient in that it fails to comply in any respect with the requirements prescribed by the Commissioner, this Chapter, or any law administered by the Commissioner: (a) At any time within ten business day…

The Commissioner may, at any time, by notice served on an applicant, request that the applicant file additional information and fix the time within which the applicant shall file such additional information. If the applicant fails to file such additional information within such t…

An applicant may, with the consent of the Commissioner, withdraw an application.

(a) In this Section, “statement” includes written statements by a person, signed or otherwise authenticated by him, stenographic, mechanical, electrical, or other recordings, or transcripts thereof, of oral statements by such person, and written reports or summaries of such oral …

An adjudicatory hearing shall be held before a hearing officer, who shall preside over such adjudicatory hearing. The hearing officer shall have authority to determine the order in which evidence may be presented, to rule on the admission or exclusion of evidence, to question wit…

The members of the hearing panel shall assist the hearing officer and may question witnesses.

§ 450.16. Change of Business or Corporate Name. [Renumbered] This database is current through 5/1/26 Register 2026, No. 18. Source: https://govt.westlaw.com/calregs/Document/I67CA42735A1E11EC8227000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=Category…