Financial Code section 18687

(a)

No foreign (other state) industrial loan company that maintains a California branch office may transact at the branch office any business that it is not authorized to transact or is prohibited from transacting under the law of its domicile or that industrial loan companies organized and licensed under the laws of this state are not authorized to transact or are prohibited from transacting.

(b)

Whenever any provision of this chapter or of any rule or order issued under this chapter which is applicable to or with respect to a foreign (other state) industrial loan company that maintains a California branch office is inconsistent with any provision of any other chapter of this division, the former provision applies, and the latter provision does not apply.

Source: Section 18687, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18687. (accessed Apr. 24, 2025).

18680
18681
18682
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18684
18685
18687

Last Updated

Apr. 24, 2025

§ 18687’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18687

Original Source: Section 18687, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18687. (last accessed Apr. 24, 2025).