DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 1. General Provisions 18000-18063›ARTICLE 1. Definitions 18000-18019

§ 18003.6

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

“Certificate of deposit” as that term is used by an industrial loan company licensed under this division means an investment certificate representing the obligation of an industrial loan company to repay a nondemand deposit as deposit is defined in Section 3(1) of the Federal Deposit Insurance Act.

(Added by Stats. 1994, Ch. 129, Sec. 1. Effective January 1, 1995.)

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California Financial Code

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