Statute · California Financial Code
Cal. Fin. Code § 18696 — California Industrial Loan Company as Principal
Cal. Fin. Code § 18696
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1996-09-25
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Fin. Code § 18696 — California Industrial Loan Company as Principal is in force in the current edition of the Code, and nothing recorded condemns it.
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.