Cal. Code Regs. tit. 10, § 50.14101 – Ceasing to Hold Interest in Financing Assistance.

(a) Transferred by the licensee to another person (other than a subsidiary of the licensee) for valuable consideration and without recourse;
(b) Charged off by the licensee; or
(c) Paid, redeemed, or otherwise terminated.

For purposes of this Subarticle, a licensee shall be deemed to cease to hold any interest in financing assistance provided by such licensee to a business firm when each lease, note, and other security which such business firm issued to the licensee in consideration of such financing assistance is: