DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 10. Foreign (Other State) Industrial Loan Companies: Agency Activities 18660-18707›ARTICLE 4. California Industrial Loan Company as Principal 18690-18697

§ 18696

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

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.

(Amended by Stats. 1996, Ch. 887, Sec. 65. Effective September 25, 1996.)

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