ARTICLE 6.5. Open-End Loans [18300. - 18303.]

Article 6.5 added by Stats. 1977, Ch. 939.

§§ 18300–18303 · 4 sections

• § 18300 (a) As used in this article, “open-end loan” means a loan or loans made by an industrial loan company pursuant to a loan agreement which expressly states that…
• § 18301 (a) Whenever authorized by the commissioner, an industrial loan company whose thrift obligations are insured by the Federal Deposit Insurance Corporation may…
• § 18302 An industrial loan company shall file a written request for authorization to conduct business under subdivision (a) of Section 18301. The request shall include…
• § 18303 The commissioner shall approve the request made pursuant to Section 18302 within 30 days after filing unless the commissioner has ascertained that the company…