Fin. Code, § 18703 · Article 5. California Industrial Loan Company as Agent
Fin. Code, § 18703
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
In determining whether to approve or deny an application by a California industrial loan company for approval to engage in authorized agency activities as agent for an insured depository institution, the commissioner shall consider both of the following factors:
(a) Whether the proposed agency arrangement is consistent with the safe and sound operation of the California industrial loan company.
(b) Any other factors that the commissioner deems relevant.
Notes and commentary — not statutory text
History
Amended by Stats. 1996, Ch. 887, Sec. 70. Effective September 25, 1996.
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=18703.
- Text hash
- sha256 8c132d7365f4a7c7c4330d8349e9fe6edb368a32c9b23f97e51a4e101fd982c9
- 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
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.