California Financial Code ARTICLE 2 - General Provisions

  • Section 18020.
    An industrial loan company shall not appoint or continue in office any officer, director or management personnel who do not have the qualifications required by...
  • Section 18021.
    (a) An industrial loan company shall not deposit its funds except with a bank, trust company, or savings association authorized to do business in this state,...
  • Section 18022.
    No industrial loan company shall invest any of its funds, except as authorized in this division. Industrial loan companies may invest their funds in investments...
  • Section 18022.5.
    An industrial loan company may organize, sponsor, operate, control, or render investment advice to, an investment company, or underwrite, distribute, or sell securities of any...
  • Section 18023.
    If an industrial loan company has investment or thrift certificates outstanding, then such company shall not borrow, except by the sale of investment or thrift...
  • Section 18023.1.
    In addition to the borrowings under Section 18023, an industrial loan company may borrow funds from the Federal Home Loan Bank, the Federal Deposit Insurance...
  • Section 18024.
    An industrial loan company shall not transact business or make any loan provided for by this division under any other name than that set forth...
  • Section 18025.
    No person shall use a holding company or any other device for the purpose of evading or avoiding any of the provisions of this division....
  • Section 18027.
    Corporations subject to this division are not subject to the provisions or regulations of the Personal Property Brokers Law, Division 9 (commencing with Section 22000),...
  • Section 18028.
    All corporations formed under the provisions of this division are taxed in the same manner and at the same rates as other corporations are taxed...
  • Section 18029.
    Each industrial loan company shall keep and use in its business, books, accounts, and records which will enable the commissioner to determine if the company...
  • Section 18030.
    Each industrial loan company shall preserve the books, accounts, and records, including cards used in the card system, if any, for a least two years...

Last modified: October 22, 2018