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California Code, Financial Code - FIN § 18693

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - California Code, Financial Code - FIN § 18693 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-18693/

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