Whenever the board of directors of a licensee amends the financing assistance policy of such licensee in any material respect or repeals the licensee's financing assistance policy and adopts a new financing assistance policy for the licensee, the licensee shall, not more than 30 days after such action, file with the Commissioner a report containing a copy of the resolution of the board and a copy of the amendment of the financing assistance policy or of the new financing assistance policy, as the case may be.

Note: Authority cited: Section 31101, Financial Code. Reference: Section 31506, Financial Code.

History

1. Amendment of section and new Note filed 4-7-97; operative 4-7-97 pursuant to Government Code section 11343.4(d) (Register 97, No. 15).

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).