§ 40.403

Cal. Code Regs. tit. 10, § 40.403

Recoveries on Accounts Charged-Off.

Register 97, No. 34Authority cited: Section 18347, Financial Code. Reference: Section 18343, Financial Code.State of California

Such recoveries must be credited to the reserve for losses account and not recorded as gross income.

Note: Authority cited: Section 18347, Financial Code. Reference: Section 18343, Financial Code.

History

1. Change without regulatory effect renumbering former section 1144 to new section 40.403 and adding new Note filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).