Statute · California Financial Code
Cal. Fin. Code § 18705 — California Industrial Loan Company as Agent
Cal. Fin. Code § 18705
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1996-09-25
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) No office of a California industrial loan company that conducts authorized agency activities as agent for an insured depository institution in accordance with this article shall, on that account, be deemed to be an office of the insured depository institution.
Citator
Cal. Fin. Code § 18705 — California Industrial Loan Company as Agent is in force in the current edition of the Code, and nothing recorded condemns it.
(a) No office of a California industrial loan company that conducts authorized agency activities as agent for an insured depository institution in accordance with this article shall, on that account, be deemed to be an office of the insured depository institution.
(b) For purposes of this division, no insured depository institution that has a California industrial loan company engaged in authorized agency activities as its agent shall on that account be deemed to be transacting business in this state.