ARTICLE 1. General [18339. - 18368.]
Article 1 added by Stats. 1976, Ch. 964.
§§ 18339–18368 · 31 sections
- § 18339 As of the operative date of this section: (a) There is established an Industrial Loan Account in the Financial Institutions Fund in the State Treasury. (b) All…
- § 18340 All money received or collected by the commissioner under this division or any other law relating to industrial loan companies or the industrial loan business…
- § 18340.5 All expenses of the department in administering this division and other laws relating to industrial loan companies or the industrial loan business shall be…
- § 18342 Industrial loan companies have the powers specified in this division. In addition, industrial loan companies have the general powers conferred upon…
- § 18343 The commissioner may require an industrial loan company to establish and maintain reasonable reserves for loans made, and contracts or other obligations…
- § 18344 An industrial loan company shall not conduct the business of making loans under this division, within any office, room, or place of business in which any other…
- § 18345 An industrial loan company shall notify the commissioner of every change in the officers, directors and management personnel of the company and of each branch…
- § 18346 The commissioner may require each industrial loan company to file with the commissioner a fidelity bond indemnifying the industrial loan company against loss…
- § 18346.1 (a) In lieu of providing a bond required pursuant to Section 18346, a licensee may deposit with the commissioner security in an amount as the commissioner may…
- § 18347 The commissioner may establish rules and regulations which are reasonable and necessary to carry out the purposes and provisions of this division, including…
- § 18349 The commissioner may, upon reasonable notice and opportunity to be heard, suspend or revoke the license of an industrial loan company if the commissioner finds…
- § 18349.5 (a) For the purposes of this section, the following definitions are applicable: (1) “Account holder” includes, in the case of an investment certificate…
- § 18350 Each industrial loan company shall pay to the commissioner its pro rata share of all costs and expenses of the department in administering this division and…
- § 18351 On or before the 30th day of November in each year, the commissioner shall notify each industrial loan company by mail of the amount assessed and levied…
- § 18352 In the levying and collection of an assessment pursuant to Section 18350, an industrial loan company shall not be assessed for nor be permitted to pay less…
- § 18353 If an industrial loan company fails to pay the assessment provided in Section 18350 on or before the 30th day of December following the day upon which payment…
- § 18354 The commissioner may require the attendance of witnesses and examine under oath all persons whose testimony he requires relative to the affairs of an…
- § 18355 Whenever, after an examination, investigation or hearing under this division, the commissioner deems it of public interest or advantage, he may certify a…
- § 18356 The commissioner may order any industrial loan company to desist from any conduct which the commissioner finds in violation of this division or any rule or…
- § 18357 (a) If it appears to the commissioner that an industrial loan company has violated or failed to comply with the provisions of its articles of incorporation, or…
- § 18358 If it appears to the commissioner that an industrial loan company is conducting business in an unsafe, unsound, or injurious manner, the commissioner may, by…
- § 18359 Whenever the commissioner is authorized to issue an order pursuant to Section 18357 or Section 18358 of this division, the commissioner may issue an order…
- § 18360 The company named in any order issued pursuant to this division for which no express hearing right is provided, including Sections 18356, 18357, 18358, 18359,…
- § 18361 After any order is made final, the industrial loan company shall have 10 days in which suit may be commenced to restrain enforcement of such order and unless…
- § 18362 (a) If the commissioner believes that an industrial loan company or its directors, officers, agents, or employees have violated or are about to violate any of…
- § 18363 The commissioner may order an industrial loan company to suspend the redemption of investment certificates or the payment of the liabilities of the company or…
- § 18364 After an order of suspending or limiting the payment of liabilities is effective and until that order is rescinded, the industrial loan company shall make no…
- § 18365 The authority granted to the commissioner by Section 18363, may be exercised by him in conjunction with all other powers granted by this chapter, or…
- § 18366 Every order, decision, license, or other official act of the commissioner is subject to review in accordance with law. Upon review, the burden of proof lies…
- § 18367 (a) If at any time the commissioner is of the opinion that the further sale of investment certificates by an industrial loan company would be unfair, unjust or…
- § 18368 (a) The commissioner may make the agreements that he or she deems necessary or appropriate in exercising his or her powers. (b) (1) The agreements authorized…