Whenever a licensee obtains a loan (other than a loan from a nonaffiliated financial institution or a loan from a governmental agency) or otherwise issues any security, such licensee shall promptly file with the Commissioner a report describing such transaction.

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

History

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