Is Cal. Fin. Code § 18060 — Advertising still in force?

Statute · California Financial Code

Cal. Fin. Code § 18060 — Advertising

Cal. Fin. Code § 18060

Type: Statute
Source: California Financial Code
Jurisdiction: California
Date: 1986-09-23
Current through: Nov 2, 2026 (California Legislative Counsel)

Citator

Cal. Fin. Code § 18060 — Advertising is in force in the current edition of the Code, and nothing recorded condemns it.

(a) Except as provided in subdivision (b), industrial loan company which issues thrift certificates shall not use any thrift advertisement which refers to the industrial loan company’s ownership by, or affiliation with, any other entity unless the advertisement also discloses in as prominent a manner and as large a type size as the referenced ownership or affiliation was stated, whether or not the owner or affiliate so named guarantees thrift certificates issued by the industrial loan company.

(b) (1) Subdivision (a) applies to an insured company when the other entity guarantees the thrift certificates issued by the insured company.

(2) Subdivision (a) does not apply to an insured company when the other entity does not guarantee the thrift certificates issued by the insured company and the advertisement referring to the insured company’s ownership by, or affiliation with, the other entity does not state or imply that the assets or reserves of the other entity may be used to guarantee thrift certificates of the insured company.