California Statutes
§ 18703. — 18703. (Amended by Stats. 1996, Ch. 887, Sec. 70.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 10. CHAPTER 10. Foreign (Other State) Industrial Loan Companies: Agency Activities·Art. 5. ARTICLE 5. California Industrial Loan Company as Agent
In determining whether to approve or deny an application by a California industrial loan company for approval to engage in authorized agency activities as agent for an insured depository institution, the commissioner shall consider both of the following factors:
(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.
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California § 18703. (18703. (Amended by Stats. 1996, Ch. 887, Sec. 70.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1996, Ch. 887, Sec. 70. Effective September 25, 1996.