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Rancho Cucamonga California Form 668 (Y) (c): What You Should Know
B. 456 — AN ACT CONCERNING THE IMPOSITION OF AN INTERSTATE FEDERAL FED URE LOAN LIMIT ON CITIZENSHIP BONDS; PROVIDED, 1. The Secretary of State shall promulgate regulations to provide for the imposition of an Interstate Futures Market Loan Limit for all persons and entities that apply for an Interstate Futures Market Settlement Account. Notwithstanding any other provision of law to the contrary, a creditor will be authorized to impose an Interstate Futures Market Loan Limit in connection with the application or extension of any new or existing future debt in the aggregate sum on a State, Local, or federal basis through a federally related transaction such as a municipal securities' transaction. Notwithstanding any other provision of law to the contrary, the Secretary of State shall promulgate regulations to provide for the imposing of an Interstate Futures Market Loan Limit on a person in any case where the person is also assessed a federal tax penalty under IRC Section 7874(a)(3) for failure to file a timely filed federal individual income tax return, and this subsection does not impose or increase any federal tax liability for the assessment of the tax penalty, until the deadline prescribed by section 7874(b) for payment of a refund pursuant to section 7874(a)(3) has expired. (M) S.B. 1671 — AN ACT CONCERNING CERTAIN REPAYING FINANCIAL INSTITUTIONS, PROVIDED, 1. Notwithstanding any other provision of law, the Secretary of State shall promulgate regulations defining certain refinancing entities that may be required by State and Federal law to comply with certain additional financial reporting obligations.  2. Notwithstanding any other provision of law, the Secretary of State may not prescribe an initial or final financial and credit history for any refinancing entity before establishing its first account or filing a completed application. (N) S.B. 40 — A BILL CONCERNING THE LIMITATION OF INTERSTATE REFUELING LOANS BY TRANSFERRING CERTAIN INDEBTEDNESS TO TRANSFEROR FOREIGN ASSETS LOAN AUTHORITIES AND EXCHANGE LENDING AGENCIES; PROVIDED, 1.
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