California Financial Code

§ 50003

FIN § 50003 Effective Jan 1, 2023Div. 20 · Ch. 1

Statute text

(a)“Annual audit” means a certified audit of the licensee’s books, records, and systems of internal control performed by an independent certified public accountant in accordance with generally accepted accounting principles and generally accepted auditing standards.

(b)“Borrower” means the loan applicant.

(c)“Buy” includes exchange, offer to buy, or solicitation to buy.

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Legislative history

Amended by Stats. 2022, Ch. 452, Sec. 158. (SB 1498) Effective January 1, 2023.