Financial Code section 18703

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.

Source: Section 18703, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18703. (accessed Jun. 2, 2025).

18700
18701
18702
18703
18704
18705
18706
18707

Last Updated

May 12, 2025

§ 18703’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18703

Original Source: Section 18703, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18703. (last accessed May 12, 2025).