Every employee of a finance company who negotiates for or makes any loan pursuant to the Law shall familiarize oneself with the laws, rules, and regulations governing such loan business. No office shall be left in charge of any person who is not informed concerning such laws, rules, and regulations.

Note: Authority cited: Section 22150, Financial Code. Reference: Section 22150, Financial Code.

History

1. New Note filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).

2. Amendment of Note filed 2-21-85; effective thirtieth day thereafter (Register 85, No. 8).

3. Change without regulatory effect amending section and Note filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).