{"code":"FIN","codeName":"Financial Code","section":"18703","citation":"Fin. Code, § 18703","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]","url":"https://blackletter.si/financial-code/division-7"},{"name":"CHAPTER 10. Foreign (Other State) Industrial Loan Companies: Agency Activities [18660. - 18707.]","url":"https://blackletter.si/financial-code/division-7/chapter-10"},{"name":"ARTICLE 5. California Industrial Loan Company as Agent [18700. - 18707.]","url":"https://blackletter.si/financial-code/division-7/chapter-10/article-5"}],"history":"Amended by Stats. 1996, Ch. 887, Sec. 70.   Effective September 25, 1996.","effective":"1996-09-25","html":"<p>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:</p><p>(a) Whether the proposed agency arrangement is consistent with the safe and sound operation of the California industrial loan company.</p><p>(b) Any other factors that the commissioner deems relevant.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/financial-code/california-industrial-loan-company-as-agent-18703","source":"California Legislative Information bulk export (pubinfo)"}