California Statutes
§ 18322. — 18322. (Added by Stats. 1990, Ch. 1306, Sec. 3.)
California § 18322.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES
Ch. 4.CHAPTER 4. Investment Certificates
This text of California § 18322. (18322. (Added by Stats. 1990, Ch. 1306, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 18322. (2026).
Text
An industrial loan company shall obtain the written consent of the commissioner prior to accepting any moneys pursuant to Section 17409. The commissioner may, by regulation or order, impose or revise limitations and requirements, including, but not limited to, liquidity and reserve requirements, as, in the opinion of the commissioner, are necessary for safety and soundness. The commissioner shall rescind that consent if, at any time, the industrial loan company exceeds the limitations or fails to adhere to the requirements imposed or, if in the opinion of the commissioner, the continued acceptance of those moneys would pose a threat to the safety and
soundness of the company.
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Legislative History
Added by Stats. 1990, Ch. 1306, Sec. 3.
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Bluebook (online)
California § 18322., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18322..