GroundRules
FIN § 18693
Where this section sits in the code
- Financial Code - FIN
- 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.]
In determining whether to approve or deny an application by a California industrial loan company for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:
(a) Whether the proposed agency arrangement is consistent with the safe and sound operation of the California industrial loan company.
(b) Any other factors that the commissioner deems relevant.
Collected 2026-09-14T05:56:33Z. Source file · JSON