Financial Code section 18693

In determining whether to approve or deny an application by a California industrial loan company for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:

(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.

Source: Section 18693, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=18693.­ (updated Sep. 25, 1996; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 18693's source at ca​.gov