Statute · California Financial Code
Cal. Fin. Code § 18706 — California Industrial Loan Company as Agent
Cal. Fin. Code § 18706
- 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 activities performed by a California industrial loan company as agent for an insured depository institution are not authorized agency activities or that the agency arrangement is inconsistent with safe and sound practices, the commissioner may order the…
Citator
Cal. Fin. Code § 18706 — California Industrial Loan Company as Agent is in force in the current edition of the Code, and nothing recorded condemns it.
If the commissioner finds that any activities performed by a California industrial loan company as agent for an insured depository institution are not authorized agency activities 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.