California Government Code
§ 5872
GOV § 5872 Effective Jan 1, 2022Div. 6 · Title 1 · Ch. 10.7
Statute text
View on leginfo.ca.gov(a)When an audit of a conduit financing provider’s accounts and records is required by law, in addition to any other requirements, the audit shall include all of the following:
(1)A disclosure of fees imposed on borrowers by, or on behalf of, the conduit financing provider.
(2)A disclosure of expenditures related to those fees made by or on behalf of the conduit financing provider.
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Legislative history
Amended by Stats. 2021, Ch. 615, Sec. 139. (AB 474) Effective January 1, 2022. Operative January 1, 2023, pursuant to Section 463 of Stats. 2021, Ch. 615.