Financial Code - FIN
DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000 - 18707]
( Division 7 repealed and added by Stats. 1976, Ch. 964. ) CHAPTER 10. Foreign (Other State) Industrial Loan Companies: Agency Activities [18660 - 18707]
( Chapter 10 added by Stats. 1995, Ch. 479, Sec. 7. ) ARTICLE 4. California Industrial Loan Company as Principal [18690 - 18697]
( Article 4 added by Stats. 1995, Ch. 479, Sec. 7. ) 18696.
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.)