(a) A participant shall submit an annual report to the Controller of the participant’s accounts receivables and discharged accounts.
(b) The Controller shall inform a participant, not less than 60 days before the annual report is required to be submitted to the Controller, of both of the following:
(1) The format for the annual report.
(2) The submission date for the annual report.
(Added by Stats. 2009, 4th Ex. Sess., Ch. 23, Sec. 14. Effective July 28, 2009.)