California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES

CHAPTER 1 - General Provisions

ARTICLE 1 - Definitions

Section 18000. - 18000. This division shall be known and may be cited...

Section 18001. - 18001. The definitions given in this article govern the construction...

Section 18002. - 18002. “Commissioner” means the Commissioner of Financial Protection and Innovation....

Section 18002.5. - 18002.5. “Department” means the Department of Financial Protection and Innovation....

Section 18003. - 18003. “Industrial loan company,” “thrift and loan company,” or “company”...

Section 18003.1. - 18003.1. “Investment and loan” means an industrial loan company. (Added...

Section 18003.2. - 18003.2. (a)Any reference in a provision of any statute or...

Section 18003.5. - 18003.5. (a) When used with respect to an industrial loan...

Section 18003.6. - 18003.6. “Certificate of deposit” as that term is used by...

Section 18003.7. - 18003.7. “Demand deposit” means investment or thrift certificates in account,...

Section 18004. - 18004. “Borrower” means the person receiving the proceeds or benefits...

Section 18005. - 18005. “Consumer loan or consumer obligation” means a loan made...

Section 18006. - 18006. “Primarily secured by real property”, as used in this...

Section 18007. - 18007. “Charges”, as used in this division, include the aggregate...

Section 18008. - 18008. “Charges” also include any profit or advantage of any...

Section 18009. - 18009. “Principal amount”, as used in this division, means the...

Section 18010. - 18010. “Principal balance”, and “face amount” as used in this...

Section 18011. - 18011. “Affiliated company”, as used in this division, is a...

Section 18011.1. - 18011.1. “Affiliate” means an affiliated company or a person who,...

Section 18012. - 18012. “Corporate Securities Law” means the Corporate Securities Law of...

Section 18013. - 18013. “Outstanding loans and obligations,” as used in this division,...

Section 18014. - 18014. “Obligation” as used in Sections 18265, 18271, 18272, and...

Section 18015. - 18015. “Lease obligation” as used in this division, means a...

Section 18016. - 18016. “Investment certificates ratio”, as used in this division, means...

Section 18016.5. - 18016.5. “Premium finance agency” has the meaning set forth in...

Section 18017. - 18017. “Assets,” as used in this division, means all assets...

Section 18018. - 18018. “Capital,” as used in this division, consists of all...

Section 18018.1. - 18018.1. “Primary capital,” as used in this division, means the...

Section 18018.2. - 18018.2. “Secondary capital,” as used in this division, means the...

Section 18018.3. - 18018.3. “Perpetual preferred stock,” as used in this division, means...

Section 18018.4. - 18018.4. “Mandatory convertible debt,” as used in this division, means...

Section 18018.5. - 18018.5. “Limited life preferred,” as used in this division, means...

Section 18018.6. - 18018.6. “Subordinated notes and debentures,” as used in this division,...

Section 18019. - 18019. “Capital Stock,” as used in this division, means one-class...

ARTICLE 2 - General Provisions

Section 18020. - 18020. An industrial loan company shall not appoint or continue...

Section 18021. - 18021. (a) An industrial loan company shall not deposit its...

Section 18022. - 18022. No industrial loan company shall invest any of its...

Section 18022.5. - 18022.5. An industrial loan company may organize, sponsor, operate, control,...

Section 18023. - 18023. If an industrial loan company has investment or thrift...

Section 18023.1. - 18023.1. In addition to the borrowings under Section 18023, an...

Section 18024. - 18024. An industrial loan company shall not transact business or...

Section 18025. - 18025. No person shall use a holding company or any...

Section 18027. - 18027. Corporations subject to this division are not subject to...

Section 18028. - 18028. All corporations formed under the provisions of this division...

Section 18029. - 18029. Each industrial loan company shall keep and use in...

Section 18030. - 18030. Each industrial loan company shall preserve the books, accounts,...

ARTICLE 3 - Real Property Held

Section 18040. - 18040. An industrial loan company may purchase, hold and convey...

Section 18041. - 18041. (a) The commissioner may establish rules and regulations regarding...

Section 18042. - 18042. The authority of a three-fourths vote of all the...

Section 18043. - 18043. Real property held by an industrial loan company shall...

ARTICLE 4 - Advertising

Section 18055. - 18055. No person shall advertise, print, display, publish, distribute, or...

Section 18056. - 18056. An industrial loan company shall not use any advertising...

Section 18057. - 18057. An industrial loan company shall not use any advertising...

Section 18058. - 18058. An industrial loan company shall not use any advertising...

Section 18060. - 18060. (a) Except as provided in subdivision (b), industrial loan...

Section 18061. - 18061. If an industrial loan company refers in any advertisement...

Section 18062. - 18062. An industrial loan company shall not use any advertisement...

Section 18063. - 18063. The commissioner may require an industrial loan company to...

CHAPTER 2 - Formation and Organization

ARTICLE 1 - General

Section 18100. - 18100. When authorized by the commissioner as provided in this...

Section 18100.5. - 18100.5. Each industrial loan company, other than a premium finance...

Section 18101. - 18101. If the commissioner approves an application to engage in...

Section 18101.5. - 18101.5. Upon filing an application for approval of proposed articles...

Section 18101.6. - 18101.6. Companies authorized to engage in the industrial loan business...

Section 18102. - 18102. The articles of incorporation of an industrial loan company,...

Section 18103. - 18103. An industrial loan company’s certificate to engage in the...

Section 18104. - 18104. Except as otherwise authorized under existing law, no person,...

ARTICLE 2 - Applications

Section 18115. - 18115. An application for authority to engage in the industrial...

Section 18116. - 18116. Upon the filing of an application, the commissioner shall...

Section 18117. - 18117. The commissioner, upon reasonable notice and opportunity to be...

Section 18119. - 18119. Within 30 days after an application is filed for...

Section 18120. - 18120. Before the commissioner issues a certificate of authorization to...

ARTICLE 3 - Capitalization

Section 18130. - 18130. The capital stock of an industrial loan company incorporated...

Section 18131. - 18131. In addition to the capital stock required by Section...

Section 18132. - 18132. An industrial loan company may declare a dividend on...

Section 18137. - 18137. An industrial loan company shall not reduce its capital...

Section 18138. - 18138. (a) No person may acquire in the aggregate 10...

Section 18139. - 18139. A sale, merger, or conversion involving an industrial loan...

ARTICLE 4 - Branch Offices

Section 18145. - 18145. Subject to Section 18145.1, when authorized by the commissioner...

Section 18145.1. - 18145.1. (a) The commissioner may, by order or regulation, exempt...

Section 18146. - 18146. The request for authority to establish a branch office...

Section 18147. - 18147. The commissioner shall not approve an application for a...

Section 18148. - 18148. The failure of an industrial loan company to open...

Section 18149. - 18149. When the commissioner has approved an application for permission...

Section 18150. - 18150. An industrial loan company shall keep posted in a...

Section 18151. - 18151. An industrial loan company which opens a branch office...

Section 18152. - 18152. The provisions of Sections 18146, 18147, 18148, 18149, 18150,...

Section 18153. - 18153. An industrial loan company which maintains a branch office...

Section 18154. - 18154. With the prior written approval of the commissioner, an...

ARTICLE 5 - Change of Location

Section 18165. - 18165. (a) Except as otherwise provided for in this division,...

Section 18165.1. - 18165.1. (a) The commissioner may, by order or regulation, exempt...

Section 18166. - 18166. (a) If an industrial loan company desires to change...

CHAPTER 3 - Loans and Purchased Obligations

ARTICLE 1 - General

Section 18190. - 18190. An industrial loan company may: (a) Loan money, secured...

Section 18191. - 18191. Sections 18008, 18009, 18010, 18212, 18212.1, 18214, 18219, 18220,...

Section 18191.5. - 18191.5. Sections 18008, 18009, 18010, 18212, 18212.1, and 18214 do...

Section 18192. - 18192. The payment of money, credit, goods, or things in...

ARTICLE 2 - Terms and Maximum Charges

Section 18205. - 18205. Except as otherwise provided for in this division, an...

Section 18205.5. - 18205.5. Notwithstanding any other provision of this division, an industrial...

Section 18206. - 18206. Consumer loans made and obligations acquired that are secured...

Section 18207. - 18207. An industrial loan company may make a consumer loan...

Section 18208. - 18208. An industrial loan company may make a consumer loan...

Section 18209. - 18209. An industrial loan company may make loans, purchase or...

Section 18210. - 18210. (a) Except as provided in Sections 18205.5 and 18209...

Section 18211. - 18211. No charge shall be collected unless a loan is...

Section 18212. - 18212. (a) The charges by an industrial loan company, broker,...

Section 18212.1. - 18212.1. As an alternative to the charges authorized by Section...

Section 18212.2. - 18212.2. In addition to the charges authorized by Section 18212...

Section 18213. - 18213. Notwithstanding any other provision of law not within this...

Section 18214. - 18214. For the purpose of computing the charges set forth...

Section 18215. - 18215. An industrial loan company may contract for, collect, and...

Section 18216. - 18216. (a) Notwithstanding Section 18211, an appraisal fee may be...

Section 18217. - 18217. An escrow fee of a reasonable amount may be...

Section 18218. - 18218. Notwithstanding any other provision of this division, an industrial...

Section 18218.5. - 18218.5. With respect to a loan under this division, a...

Section 18219. - 18219. An industrial loan company shall not induce or permit...

Section 18220. - 18220. An industrial loan company shall not induce any spouses,...

Section 18221. - 18221. Nothing in this division shall prevent an industrial loan...

Section 18222. - 18222. An industrial loan company shall permit payment to be...

ARTICLE 3 - Disclosure and Loan Documents

Section 18230. - 18230. Each industrial loan company shall display prominently in each...

Section 18231. - 18231. Each industrial loan company shall: (a) Deliver or cause...

Section 18233. - 18233. An industrial loan company shall deliver or cause to...

Section 18234. - 18234. An industrial loan company shall upon repayment of any...

Section 18235. - 18235. An industrial loan company shall not take any note,...

ARTICLE 4 - Credit Cards

Section 18245. - 18245. (a) Subject to any regulations that the commissioner may...

ARTICLE 5 - Limitations and Regulations of Loans and Purchased Obligations

Section 18265. - 18265. An industrial loan company that has investment certificates outstanding...

Section 18266. - 18266. (a) Except as set forth in subdivisions (b) and...

Section 18266.1. - 18266.1. An industrial loan company may make loans and acquire...

Section 18266.2. - 18266.2. An industrial loan company shall file a written request...

Section 18266.3. - 18266.3. The commissioner shall approve the request made pursuant to...

Section 18268. - 18268. An industrial loan company that has investment certificates outstanding...

Section 18269. - 18269. An industrial loan company that has investment certificates outstanding...

Section 18270. - 18270. An industrial loan company may require the borrower to...

Section 18271. - 18271. An industrial loan company that has investment certificates outstanding...

Section 18272. - 18272. An industrial loan company shall diversify the loans and...

Section 18274. - 18274. The principal balances of loans made, or obligations purchased,...

ARTICLE 6 - Insurance Sold With Loans

Section 18290. - 18290. (a) As used in this division: (1) “Credit life...

Section 18291. - 18291. (a) If credit life or disability insurance is provided...

Section 18292. - 18292. (a) If credit disability insurance is provided pursuant to...

Section 18292.5. - 18292.5. If credit loss-of-income insurance is provided pursuant to this...

Section 18293. - 18293. If credit disability or loss-of-income insurance is provided pursuant...

Section 18294. - 18294. An industrial loan company may collect the costs for...

Section 18295. - 18295. An industrial loan company may collect the costs of...

Section 18296. - 18296. An industrial loan company may collect the costs of...

ARTICLE 6.5 - Open-End Loans

Section 18300. - 18300. (a) As used in this article, “open-end loan” means...

Section 18301. - 18301. (a) Whenever authorized by the commissioner, an industrial loan...

Section 18302. - 18302. An industrial loan company shall file a written request...

Section 18303. - 18303. The commissioner shall approve the request made pursuant to...

CHAPTER 4 - Investment Certificates

Section 18315. - 18315. (a) When authorized to conduct business pursuant to this...

Section 18316. - 18316. An industrial loan company may, in addition to the...

Section 18317. - 18317. No company may have investment certificates outstanding with a...

Section 18318. - 18318. Investment or thrift certificates may be issued to or...

Section 18318.5. - 18318.5. An investment or thrift certificate that is a multiple-party...

Section 18319. - 18319. In no event shall an industrial loan company have...

Section 18320. - 18320. Notwithstanding Section 18319, an industrial loan company shall in...

Section 18321. - 18321. (a) Nothing in this division authorizes an industrial loan...

Section 18322. - 18322. An industrial loan company shall obtain the written consent...

Section 18325. - 18325. (a) An industrial loan company shall not impose any...

CHAPTER 5 - Administration and Powers of the Commissioner

ARTICLE 1 - General

Section 18339. - 18339. As of the operative date of this section: (a)...

Section 18340. - 18340. All money received or collected by the commissioner under...

Section 18340.5. - 18340.5. All expenses of the department in administering this division...

Section 18342. - 18342. Industrial loan companies have the powers specified in this...

Section 18343. - 18343. The commissioner may require an industrial loan company to...

Section 18344. - 18344. An industrial loan company shall not conduct the business...

Section 18345. - 18345. An industrial loan company shall notify the commissioner of...

Section 18346. - 18346. The commissioner may require each industrial loan company to...

Section 18346.1. - 18346.1. (a) In lieu of providing a bond required pursuant...

Section 18347. - 18347. The commissioner may establish rules and regulations which are...

Section 18349. - 18349. The commissioner may, upon reasonable notice and opportunity to...

Section 18349.5. - 18349.5. (a) For the purposes of this section, the following...

Section 18350. - 18350. Each industrial loan company shall pay to the commissioner...

Section 18351. - 18351. On or before the 30th day of November in...

Section 18352. - 18352. In the levying and collection of an assessment pursuant...

Section 18353. - 18353. If an industrial loan company fails to pay the...

Section 18354. - 18354. The commissioner may require the attendance of witnesses and...

Section 18355. - 18355. Whenever, after an examination, investigation or hearing under this...

Section 18356. - 18356. The commissioner may order any industrial loan company to...

Section 18357. - 18357. (a) If it appears to the commissioner that an...

Section 18358. - 18358. If it appears to the commissioner that an industrial...

Section 18359. - 18359. Whenever the commissioner is authorized to issue an order...

Section 18360. - 18360. The company named in any order issued pursuant to...

Section 18361. - 18361. After any order is made final, the industrial loan...

Section 18362. - 18362. (a) If the commissioner believes that an industrial loan...

Section 18363. - 18363. The commissioner may order an industrial loan company to...

Section 18364. - 18364. After an order of suspending or limiting the payment...

Section 18365. - 18365. The authority granted to the commissioner by Section 18363,...

Section 18366. - 18366. Every order, decision, license, or other official act of...

Section 18367. - 18367. (a) If at any time the commissioner is of...

Section 18368. - 18368. (a) The commissioner may make the agreements that he...

ARTICLE 2 - Examinations

Section 18390. - 18390. For the purpose of discovering violations of this division...

Section 18391. - 18391. Whenever in the judgment of the commissioner the condition...

Section 18392. - 18392. The industrial loan company examined shall pay to the...

Section 18393. - 18393. The commissioner shall, upon receipt of written notification by...

Section 18394. - 18394. Investigation and examination reports prepared by the commissioner’s duly...

Section 18396. - 18396. (a) In this section, “governmental agency” includes, without limitation,...

ARTICLE 3 - Reports and Financial Statements

Section 18405. - 18405. (a) On or before the 15th day of March...

Section 18406. - 18406. Each industrial loan company which has issued and which...

Section 18407. - 18407. An industrial loan company shall, when requested by the...

Section 18408. - 18408. An industrial loan company shall make other special reports...

Section 18409. - 18409. The commissioner shall make and file annually with the...

Section 18410. - 18410. For the purposes of the composite report provided for...

Section 18411. - 18411. The commissioner may by rule or regulation specify the...

Section 18412. - 18412. Each report required under this article shall be filed...

ARTICLE 4 - Possession, Conservatorship, and Liquidation by the Commissioner

Section 18415. - 18415. The commissioner may take possession of the property and...

Section 18415.1. - 18415.1. Whenever the commissioner has taken possession of the property...

Section 18415.2. - 18415.2. An appeal may be taken from the judgment of...

Section 18415.3. - 18415.3. (a) Whenever the net worth of an industrial loan...

Section 18415.4. - 18415.4. The commissioner may also, upon the request of the...

Section 18415.5. - 18415.5. Upon taking possession of the property and business of...

Section 18415.6. - 18415.6. Any officer, agent, employee, director, or stockholder of a...

Section 18415.7. - 18415.7. On demand of the commissioner, it shall be the...

Section 18415.8. - 18415.8. Upon taking possession of the property and business of...

Section 18415.9. - 18415.9. At any time after the order taking possession issued...

Section 18415.10. - 18415.10. The commissioner may, at any time, examine under oath...

Section 18415.11. - 18415.11. Upon taking possession of the property and business of...

Section 18415.12. - 18415.12. The commissioner may file a petition with the court...

Section 18415.13. - 18415.13. After the taking of possession of the property and...

Section 18415.14. - 18415.14. The commissioner may proceed against any debtor or alleged...

Section 18415.15. - 18415.15. The commissioner may make examinations of the seized company...

Section 18415.16. - 18415.16. The actual cost of any examination, investigation or services,...

Section 18415.17. - 18415.17. The determination by the commissioner to liquidate a company,...

Section 18415.18. - 18415.18. Upon taking possession of the property, and business of...

Section 18415.19. - 18415.19. All expenses of taking possession of, conserving, conducting, liquidating,...

Section 18415.21. - 18415.21. Any transaction occurring within six months of the date...

Section 18415.22. - 18415.22. No obligation may be purchased or discounted under any...

Section 18415.23. - 18415.23. No attachment or execution shall be issued against the...

Section 18420. - 18420. The commissioner, as conservator or liquidator, after taking possession...

Section 18420.1. - 18420.1. No transaction involving real or personal property, investment or...

Section 18420.2. - 18420.2. The commissioner may, with ex parte approval of the...

Section 18420.5. - 18420.5. The commissioner may appoint a person to act as...

Section 18420.6. - 18420.6. The commissioner shall have the authority to terminate the...

Section 18420.7. - 18420.7. The commissioner may require a conservator or liquidator to...

Section 18425. - 18425. If at any time after taking possession of the...

Section 18425.1. - 18425.1. The liquidator shall cause notice to be given by...

Section 18425.2. - 18425.2. All claims, demands, or causes of action of creditors,...

Section 18425.3. - 18425.3. If the liquidator doubts the validity of any claim,...

Section 18425.4. - 18425.4. A claim shall set forth, under oath, on the...

Section 18425.5. - 18425.5. When an investment certificate holder is also a debtor,...

Section 18425.6. - 18425.6. The amount of a claim of an investment certificate...

Section 18425.7. - 18425.7. When the time fixed for the presentation of claims...

Section 18425.8. - 18425.8. Objections to any claim not rejected by the liquidator...

Section 18425.9. - 18425.9. The liquidator, with the approval of the court, may...

Section 18425.10. - 18425.10. (a) Claims allowed in a proceeding under this article...

Section 18425.11. - 18425.11. Whenever the commissioner determines to liquidate a company, the...

Section 18425.12. - 18425.12. If it appears improbable that anything can be realized...

Section 18425.13. - 18425.13. If a purchaser of any property or any bad...

Section 18425.14. - 18425.14. When the liquidator has fully liquidated all claims other...

Section 18425.15. - 18425.15. Upon the payment of a final dividend in liquidation,...

Section 18425.16. - 18425.16. In making its order approving the commissioner’s final statement...

Section 18425.17. - 18425.17. The order of the court approving the final statement...

ARTICLE 5 - Securities Transactions

Section 18427. - 18427. Unless the context otherwise requires, in this article: (a)...

Section 18427.1. - 18427.1. No industrial loan company organized under the laws of...

Section 18427.2. - 18427.2. An application for a permit shall be in such...

Section 18427.3. - 18427.3. The commissioner shall charge and collect fees for applications...

Section 18427.4. - 18427.4. If the commissioner finds that the proposed sale of...

Section 18427.5. - 18427.5. The commissioner may impose conditions in any permit issued...

Section 18427.6. - 18427.6. Every permit issued pursuant to Section 18427.4 shall recite...

Section 18427.7. - 18427.7. The commissioner may amend, alter, suspend, or revoke any...

Section 18427.8. - 18427.8. Whenever an industrial loan company applies for a permit...

Section 18427.9. - 18427.9. There shall be exempted from the provisions of Section...

Section 18427.10. - 18427.10. Nothing contained in this article shall affect the Corporate...

Section 18427.11. - 18427.11. The commissioner may by regulation or order restrict, limit,...

CHAPTER 6 - Prohibited Practices and Penalties

Section 18435. - 18435. Except as otherwise provided in this division, any person...

Section 18436. - 18436. An industrial loan company shall not, directly or indirectly,...

Section 18437. - 18437. (a) Except as provided in subdivision (b), an industrial...

Section 18438. - 18438. If a loan is made or other thing is...

Section 18439. - 18439. If any amount in excess of the charges permitted...

Section 18440. - 18440. An industrial loan company shall not take any confession...

Section 18441. - 18441. No person in connection with or incidental to the...

Section 18442. - 18442. An industrial loan company shall not make any loan...

Section 18443. - 18443. If any loan or guaranty is made in violation...

Section 18444. - 18444. Any officer or director held liable under Section 18443,...

Section 18445. - 18445. Any director, officer, or employee of an industrial loan...

Section 18446. - 18446. Any director, officer, or employee of an industrial loan...

Section 18447. - 18447. Any director, officer, or employee of an industrial loan...

Section 18448. - 18448. No director, officer, stockholder, or employee of an industrial...

Section 18449. - 18449. Every director of an industrial loan company who: (a)...

Section 18450. - 18450. A director, officer, or employee of an industrial loan...

Section 18451. - 18451. A director, officer, or employee of an industrial loan...

Section 18452. - 18452. Every officer or employee of an industrial loan company,...

Section 18453. - 18453. Any person who knowingly sells investment certificates in violation...

Section 18454. - 18454. Any director, officer, agent or employee of an industrial...

Section 18454.5. - 18454.5. It is unlawful for any person to willfully make...

Section 18455. - 18455. An industrial loan company shall not, directly or indirectly,...

Section 18456. - 18456. The provisions of this chapter shall be applicable to...

Section 18457. - 18457. Any officer, director, employee, or agent of any company...

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...

CHAPTER 8 - Insurance Premium Financing

ARTICLE 1 - Definitions

Section 18560. - 18560. “Premium finance agency” means any industrial loan company incorporated...

Section 18561. - 18561. Such terms relating to insurance as are used in...

Section 18562. - 18562. As used in this chapter, “insured” means the person...

Section 18563. - 18563. As used in this chapter, “premium financing” means the...

Section 18564. - 18564. As used in this chapter, “premium finance agreement” means...

Section 18565. - 18565. As used in this chapter, “company” means a premium...

Section 18566. - 18566. As used in this chapter, “principal balance” means the...

Section 18567. - 18567. As used in this chapter, “finance charge” means any...

ARTICLE 2 - General

Section 18580. - 18580. A premium finance agency desiring the full authority which...

Section 18581. - 18581. The articles of incorporation of any corporation organized under...

Section 18582. - 18582. Capital stock of any premium finance agency shall not...

Section 18583. - 18583. Before a premium finance agency commences business or opens...

Section 18584. - 18584. An insurance premium finance agreement, as defined in Section...

Section 18585. - 18585. In the event of any conflict in the provisions...

Section 18586. - 18586. The provisions of Sections 18023, 18024, 18120, 18205, 18268,...

Section 18587. - 18587. The provisions of Sections 18607, 18625, and 18626 shall...

Section 18588. - 18588. Unless the insured has notice of the assignment of...

Section 18589. - 18589. At any time during the term of the premium...

Section 18590. - 18590. Upon payment of a loan in full the company...

Section 18591. - 18591. No filing of the premium finance agreement shall be...

Section 18592. - 18592. Any downpayment which is made and which is received...

Section 18593. - 18593. The downpayments received by the company under the provisions...

Section 18594. - 18594. Any corporation organized as an industrial loan company other...

Section 18595. - 18595. A premium finance agency shall not incorporate the words...

Section 18596. - 18596. A premium finance company may issue or sell investment...

ARTICLE 3 - Provisions of Premium Finance Agreements

Section 18605. - 18605. A premium finance agreement shall be in writing and...

Section 18606. - 18606. A premium finance agreement shall not be executed by...

Section 18607. - 18607. Upon receipt of the loan form the company shall...

Section 18608. - 18608. (a) A premium finance agreement may contain a power...

Section 18609. - 18609. All statutory, regulatory and contractual restrictions providing that the...

Section 18610. - 18610. The insurer within a reasonable time after the effective...

Section 18611. - 18611. At the time of mailing the notice required by...

ARTICLE 4 - Limitation on Finance Charges

Section 18625. - 18625. A premium finance agency shall not, except as otherwise...

Section 18626. - 18626. A premium finance agency may, in a premium finance...

Section 18627. - 18627. If the finance charge computed under Section 18626 is...

Section 18628. - 18628. The finance charge may be computed from the effective...

Section 18629. - 18629. Notwithstanding the provisions of any premium finance agreement to...

Section 18630. - 18630. In the event that the insurance policy or policies...

Section 18631. - 18631. (a) A premium finance agreement may provide for the...

ARTICLE 5 - Charges on Scheduled Balances

Section 18634. - 18634. This article is applicable only to premium finance agencies....

Section 18635. - 18635. Whenever the interest or charges, or interest and charges...

Section 18636. - 18636. (a) As an alternative to the provisions of Section...

Section 18637. - 18637. If a loan contract made under Section 18636 is...

Section 18638. - 18638. A special rebate of precomputed charges shall be made...

Section 18640. - 18640. A deferment charge may be charged and collected on...

Section 18642. - 18642. If the maturity of a loan made under Section...

Section 18643. - 18643. Notwithstanding any other provision of law not within this...

CHAPTER 9 - Interstate Acquisitions

Section 18650. - 18650. This chapter does not apply to any of the...

Section 18651. - 18651. Each application filed with the commissioner for an approval...

Section 18652. - 18652. The fee for filing with the commissioner an application...

Section 18653. - 18653. (a) The definitions that are set forth in or...

Section 18654. - 18654. The commissioner is authorized to adopt rules to implement...

CHAPTER 10 - Foreign (Other State) Industrial Loan Companies: Agency Activities

ARTICLE 1 - General Provisions

Section 18660. - 18660. In this chapter, unless the context otherwise requires: (a)...

Section 18661. - 18661. Each application filed with the commissioner under this chapter...

Section 18662. - 18662. (a) Each foreign (other state) industrial loan company that...

Section 18663. - 18663. Each foreign (other state) industrial loan company that maintains...

Section 18664. - 18664. Fees shall be paid to, and collected by, the...

Section 18665. - 18665. (a) Any foreign (other state) industrial loan company is...

Section 18666. - 18666. The commissioner is authorized to adopt rules to implement...

ARTICLE 2 - Facilities of Insured Foreign (Other State) Industrial Loan Companies

Section 18670. - 18670. No provision of this article applies to an insured...

Section 18671. - 18671. (a) No foreign (other state) industrial loan company may...

Section 18672. - 18672. Not less than 30 days before an insured foreign...

Section 18673. - 18673. (a) Not less than 30 days before establishing a...

Section 18674. - 18674. Not less than 30 days before an insured foreign...

Section 18675. - 18675. Not less than 30 days before an insured foreign...

ARTICLE 3 - California Branch Offices

Section 18680. - 18680. No foreign (other state) industrial loan company may transact...

Section 18681. - 18681. Section 18680 does not prohibit: (a) Any foreign (other...

Section 18682. - 18682. No foreign (other state) industrial loan company may establish...

Section 18683. - 18683. No foreign (other state) industrial loan company may establish...

Section 18684. - 18684. (a) (1) No foreign (other state) industrial loan company...

Section 18685. - 18685. (a) No foreign (other state) industrial loan company that...

Section 18687. - 18687. (a) No foreign (other state) industrial loan company that...

ARTICLE 4 - California Industrial Loan Company as Principal

Section 18690. - 18690. Notwithstanding the provisions of Sections 18147 and 18165, a...

Section 18691. - 18691. An application by a California industrial loan company for...

Section 18692. - 18692. An application by a California industrial loan company for...

Section 18693. - 18693. In determining whether to approve or deny an application...

Section 18694. - 18694. No California industrial loan company may have an insured...

Section 18695. - 18695. No office of an insured depository institution that is...

Section 18696. - 18696. If the commissioner finds that any activity performed by...

Section 18697. - 18697. This article does not apply to a California industrial...

ARTICLE 5 - California Industrial Loan Company as Agent

Section 18700. - 18700. Notwithstanding the provisions of Sections 18147 and 18165, a...

Section 18701. - 18701. An application by a California industrial loan company for...

Section 18702. - 18702. An application by a California industrial loan company for...

Section 18703. - 18703. In determining whether to approve or deny an application...

Section 18704. - 18704. No California industrial loan company may conduct any activity...

Section 18705. - 18705. (a) No office of a California industrial loan company...

Section 18706. - 18706. If the commissioner finds that any activities performed by...

Section 18707. - 18707. This article does not apply to a California industrial...