1. (a) This section does not apply to any subject institution for which the applicable minimum is fixed by Section 10.16101(a) of this Chapter.

   1. (2) In case a subject institution, in making the report called for in Paragraph (1) of this Subdivision (a), determines the applicable minimum on the basis of its adjusted liabilities, such subject institution shall retain the work papers for such report for a period of not less than two years.

   (b)(1) Not less than ten days before each maintenance period, a subject institution shall serve on the Commissioner a report which is in the form of Department Form 95, contains the information called for in such Form and in the instructions for the Form, is signed as required in the Form and instructions, and is verified if and as required in the Form and instructions.

2. (c) Whenever a subject institution serves on the Commissioner the report called for in Subdivision (b) of this Section, such subject institution shall serve on its approved depository an executed copy of such report (including any required verification). The approved depository shall retain such executed copy for a period of not less than two years.

Note: Authority cited: Section 215, Financial Code. Reference: Sections 1705 and 1761, Financial Code.

History

1. Amendment filed 3-12-82; effective thirtieth day thereafter (Register 82, No. 11).

2. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).