2972. Accounting Content.
Each verified accounting to a principal or to the commissioner as required by Section 10146 of the Code shall include
at least the following information:
(a) The name of the agent.
(b) The name of the principal.
(c) Description of the services rendered or to be rendered.
(d) Identification of the trust fund account into which the advance fee has been deposited.
(e) The amount of the advance fee collected.
(f) The amount allocated or disbursed from the advance fee for each of the following:
(1) In providing each of the services enumerated under (c) above.
(2) Commissions paid to field agents and representatives.
(3) Overhead costs and profit.
(g) In cases in which disbursements have been made for advertising, a copy of the advertisement, the name of the
publication, the number of the advertisements actually published and the dates that they were carried.
(h) In the case of an advance fee for the arrangement of a loan secured by a real property or a business opportunity, a
list of the names and addresses of the persons to whom information pertaining to the principal’s loan requirements were
submitted and the dates of the submittal.
Article 24. Private Vocational School Approvals