Financial Code section 18696

If the commissioner finds that any activity performed by an insured depository institution as agent for a California industrial loan company is not an authorized agency activity or that the agency arrangement is inconsistent with safe and sound practices, the commissioner may order the California industrial loan company to terminate the agency arrangement.

Source: Section 18696, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18696. (updated Sep. 25, 1996; accessed Aug. 11, 2025).

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Up to date

Verified:
Aug. 11, 2025

§ 18696's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18696

Original Source: Section 18696, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18696. (last accessed May 12, 2025).