§ 18696
53 words·~1 min read·
/ca/financial-code/18696A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If the commissioner finds that any activity performed by an insured depository institution as agent for a California industrial loan company is not an authorized agency activity or that the agency arrangement is inconsistent with safe and sound practices, the commissioner may order the California industrial loan company to terminate the agency arrangement.