Cal. Fin. Code § 18693

Current through the 2023 Legislative Session.

Section 18693 - Considerations in determining whether to approve or deny application

In determining whether to approve or deny an application by a California industrial loan company for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:

(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.

Ca. Fin. Code § 18693

Amended by Stats. 1996, Ch. 887, Sec. 62. Effective September 25, 1996.