Any sale of insurance, in connection with a loan that is in violation of Sections 1488 and 1489 of these rules, constitutes a prohibited transaction under Sections 22311 and 22312 of the Financial Code.

Note: Authority cited: Section 22150, Financial Code. Reference: Sections 22150, 22311, 22312 and 22313, Financial Code.

History

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

2. 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).