California Code
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 7 - Guarantee of Thrift Accounts

ARTICLE 1 - Definitions

Section 18475. - 18475. “Guaranty corporation” means Thrift Guaranty Corporation of California which...

Section 18476. - 18476. (a) “Member” means an industrial loan company required by...

Section 18477. - 18477. “Thrift obligations” as used in this chapter include principal...

Section 18478. - 18478. “Fund” means the Guaranty Corporation Fund established pursuant to...

Section 18479. - 18479. “Capital contribution” means the amount each member is required...

Section 18480. - 18480. “Member account” means the total of all amounts credited...

Section 18481. - 18481. “Guaranteed investment certificate” means a thrift obligation guaranteed by...

ARTICLE 2 - General

Section 18490. - 18490. When the property and business of a member, other...

Section 18491. - 18491. (a) When the property and business of a member,...

Section 18493. - 18493. Whenever it appears to the commissioner that Guaranty Corporation...

Section 18494. - 18494. Whenever the commissioner has taken possession of the property...

Section 18495. - 18495. An appeal may be taken from the judgment of...

Section 18496. - 18496. (a) Guaranty Corporation shall have independent authority to approve...

Section 18496.1. - 18496.1. (a) A director, officer, employee, or agent of Thrift...

Section 18497. - 18497. Guaranty Corporation may invest its funds only in readily...

Section 18498. - 18498. Income from investments shall be recorded in an income...

Section 18499. - 18499. Expenses of administration that exceed income from investments at...

Section 18500. - 18500. Guaranty Corporation shall have authority to: (a) Borrow funds...

Section 18501. - 18501. The commissioner shall give prompt notice to Guaranty Corporation...

Section 18502. - 18502. Memberships issued by Guaranty Corporation shall be nontransferable and...

Section 18503. - 18503. The commissioner and the commissioner’s duly designated representatives may...

Section 18504. - 18504. Any member or industrial loan company making application to...

Section 18505. - 18505. (a) After consultation with, and approval by, the Thrift...

Section 18506. - 18506. No person shall advertise, print, display, publish, distribute, or...

Section 18507. - 18507. In order to permit Guaranty Corporation to fulfill its...

Section 18508. - 18508. An industrial loan company or its successor shall not...

Section 18509. - 18509. (a) Guaranty Corporation may elect to wind up and...

Section 18510. - 18510. The Board of Directors of Guaranty Corporation shall be...

Section 18511. - 18511. Guaranty Corporation shall establish a permanent office in this...

Section 18512. - 18512. The commissioner may require Guaranty Corporation to obtain a...

ARTICLE 3 - Purpose and Scope of Guaranty Corporation

Section 18520. - 18520. It shall be the purpose of Guaranty Corporation to...

Section 18521.5. - 18521.5. (a) Notwithstanding Section 18521 or 18100.5, until July 1,...

Section 18521.6. - 18521.6. No industrial loan company which fails to comply with...

Section 18523. - 18523. The following described thrift obligations will be guaranteed by...

Section 18525. - 18525. Notwithstanding any other provision of this division, Guaranty Corporation,...

ARTICLE 4 - Assessments

Section 18535. - 18535. Guaranty Corporation shall establish and maintain a guarantee fund...

Section 18536. - 18536. Guaranty Corporation shall send a written notice of assessment...

Section 18538. - 18538. In the event any member fails to pay an...