Fin. Code, § 18303 · Article 6.5. Open-End Loans
Fin. Code, § 18303
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The commissioner shall approve the request made pursuant to Section 18302 within 30 days after filing unless the commissioner has ascertained that the company has failed to show either of the following:
(a) That the proposed plan of business has a reasonable promise of a successful operation.
(b) That the company has a person with the necessary business qualifications, experience, or ability to direct and manage the operations of the plan of business.
Notes and commentary — not statutory text
History
Added by Stats. 1989, Ch. 889, Sec. 6.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18303.
- Text hash
- sha256 9e4b3d67be4e5e0a85a2341c1cae884cbcf2ab1596c2b9cc5221bc88ad6bb862
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Financial Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.