§ 7603 Securities Loan Agreements

• •If you lend securities (like stocks or bonds), you must use a standard agreement form.
• •The standard forms are created by big state groups like the State Pooled Investment Account or retirement systems for teachers and public employees.
• •The forms must be approved by the Commissioner of Financial Protection and Innovation.

You want to lend some of your stocks to a friend so they can sell them and buy them back later.

You can't just write any agreement. You have to use a special form that the state has already approved. This makes sure everything is fair and follows the rules.