Cal. Code Regs. tit. 10, § 10.14185 – Deposit of Eligible Assets.

(a) The definitions set forth in Section 10.16001 and the instructions set forth in 10.16002 apply to this Section.
(b) Except as otherwise provided in Section 10.14176 of this Chapter, not less than two business days before the license for a subject office is to be issued, the applicant shall deposit eligible assets with its approved depository in accordance with Financial Code Section 1811 and Part 10 (commencing with Section 10.16000) of this Subarticle, and such approved depository shall file with the Commissioner a report which is verified by an officer of the approved depository and which contains the following information:
1. (1) Describe each eligible asset in the pledge deposit.
2. (2) State the total value of the eligible assets in the pledge deposit.

Note: Authority cited: Section 326, Financial Code. Reference: Sections 1803 and 1811, Financial Code.

History

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

2. Amendment of subsection (b) filed 4-14-98; operative 5-14-98 (Register 98, No. 16).

3. Change without regulatory effect amending subsection (b) and Note filed 8-21-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 34).