CHAPTER 10. Foreign (Other State) Industrial Loan Companies: Agency Activities [18660. - 18707.]
Chapter 10 added by Stats. 1995, Ch. 479, Sec. 7.
§§ 18660–18707 · 36 sections
ARTICLE 1. General Provisions §§ 18660–18666 · 7 sections
- § 18660 In this chapter, unless the context otherwise requires: (a) “Authorized agency activities” means issuing investment certificates, renewing certificates of…
- § 18661 Each application filed with the commissioner under this chapter or under any rule or order issued under this chapter shall be in the form, shall contain the…
- § 18662 (a) Each foreign (other state) industrial loan company that maintains a facility or a California branch office shall file with the commissioner such reports as…
- § 18663 Each foreign (other state) industrial loan company that maintains a facility or a California branch office shall make, keep, and preserve at the facility or…
- § 18664 Fees shall be paid to, and collected by, the commissioner as follows: (a) Each foreign (other state) industrial loan company that on July 1 of any year…
- § 18665 (a) Any foreign (other state) industrial loan company is exempted from the restrictions of Section 1 of Article XV of the California Constitution relating to…
- § 18666 The commissioner is authorized to adopt rules to implement this chapter similar to regulations adopted by the Superintendent of Banks under similar provisions…
ARTICLE 2. Facilities of Insured Foreign (Other State) Industrial Loan Companies §§ 18670–18675 · 6 sections
- § 18670 No provision of this article applies to an insured foreign (other state) industrial loan company that maintains a California branch office.
- § 18671 (a) No foreign (other state) industrial loan company may establish or maintain an office in this state at which it engages in noncore industrial loan company…
- § 18672 Not less than 30 days before an insured foreign (other state) industrial loan company establishes a facility, it shall file with the commissioner a report and…
- § 18673 (a) Not less than 30 days before establishing a facility, an insured foreign (other state) industrial loan company shall file with the commissioner, in the…
- § 18674 Not less than 30 days before an insured foreign (other state) industrial loan company relocates a facility, it shall file a report with the commissioner.
- § 18675 Not less than 30 days before an insured foreign (other state) industrial loan company closes a facility, it shall file a report with the commissioner.
ARTICLE 3. California Branch Offices §§ 18680–18687 · 7 sections
- § 18680 No foreign (other state) industrial loan company may transact core business in this state except at a branch office established in accordance with federal law…
- § 18681 Section 18680 does not prohibit: (a) Any foreign (other state) industrial loan company which does not maintain a California branch office from carrying on the…
- § 18682 No foreign (other state) industrial loan company may establish or maintain a California branch office unless it is qualified to transact intrastate business in…
- § 18683 No foreign (other state) industrial loan company may establish or maintain a California branch office unless the industrial loan company is insured.
- § 18684 (a) (1) No foreign (other state) industrial loan company may merge as the surviving corporation (Section 148) with a California industrial loan company or…
- § 18685 (a) No foreign (other state) industrial loan company that does not already maintain a California branch office may: (1) Merge as the surviving corporation…
- § 18687 (a) No foreign (other state) industrial loan company that maintains a California branch office may transact at the branch office any business that it is not…
ARTICLE 4. California Industrial Loan Company as Principal §§ 18690–18697 · 8 sections
- § 18690 Notwithstanding the provisions of Sections 18147 and 18165, a California industrial loan company may, with the prior approval of the commissioner and subject…
- § 18691 An application by a California industrial loan company for approval to have an insured depository institution engage in authorized agency activities as its…
- § 18692 An application by a California industrial loan company for approval to have an insured depository institution engage in authorized agency activities as its…
- § 18693 In determining whether to approve or deny an application by a California industrial loan company for approval to have an insured depository institution engage…
- § 18694 No California industrial loan company may have an insured depository institution conduct as its agent any activity that the California industrial loan company…
- § 18695 No office of an insured depository institution that is performing authorized agency activities as agent for a California industrial loan company in accordance…
- § 18696 If the commissioner finds that any activity performed by an insured depository institution as agent for a California industrial loan company is not an…
- § 18697 This article does not apply to a California industrial loan company’s having an insured depository institution engage in authorized agency activities as its…
ARTICLE 5. California Industrial Loan Company as Agent §§ 18700–18707 · 8 sections
- § 18700 Notwithstanding the provisions of Sections 18147 and 18165, a California industrial loan company may, with the prior approval of the commissioner and subject…
- § 18701 An application by a California industrial loan company for approval to engage in authorized agency activities as agent for an insured depository institution…
- § 18702 An application by a California industrial loan company for approval to engage in authorized agency activities as agent for an insured depository institution…
- § 18703 In determining whether to approve or deny an application by a California industrial loan company for approval to engage in authorized agency activities as…
- § 18704 No California industrial loan company may conduct any activity as an agent for an insured depository institution that the California industrial loan company…
- § 18705 (a) No office of a California industrial loan company that conducts authorized agency activities as agent for an insured depository institution in accordance…
- § 18706 If the commissioner finds that any activities performed by a California industrial loan company as agent for an insured depository institution are not…
- § 18707 This article does not apply to a California industrial loan company’s engaging in authorized agency activities as agent for an insured depository institution…