DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 2. Formation and Organization 18100-18166›ARTICLE 4. Branch Offices 18145-18154

§ 18151

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

An industrial loan company which opens a branch office without first obtaining a certificate of authorization to transact business shall forfeit to the people of the state the sum of one hundred dollars ($100) for every day during which the branch office is maintained without authority.

(Added by Stats. 1976, Ch. 964.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Financial Code

California Financial Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.