As an administrative standard, the Commissioner generally will deny an application for a license if he finds that the applicant will not be able to service on a regular and continuous basis the financing assistance that it provides to business firms (including evaluating and collecting the loans that it makes to business firms), either entirely by itself or with the assistance of data processing services provided by another person.

Note: Authority cited: Section 31101, 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).