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2020 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 10 - Foreign (Other State) Industrial Loan Companies: Agency Activities
ARTICLE 5 - California Industrial Loan Company as Agent
Section 18706.
Universal Citation: CA Fin Code § 18706 (2020)
18706.
If the commissioner finds that any activities performed by a California industrial loan company as agent for an insured depository institution are not authorized agency activities 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. 73. Effective September 25, 1996.)
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