Financial Code § 31502

CHAPTER 7. Records, Reports, and Examinations

Current as of September 28, 2026Fin. Code, § 31502Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 662. Effective January 1, 1997. Operative July 1, 1997.

No licensee shall, except with the prior approval of the commissioner, enter or carry on its books or records any asset at a valuation exceeding the actual cost of such asset to such licensee.