California Financial Code

§ 18147

FIN § 18147Div. 7 · Ch. 2 · Art. 4

Statute text

The commissioner shall not approve an application for a branch office until the commissioner has ascertained to the commissioner’s satisfaction that the facts set forth in the application are true and:

(a)That the public convenience and advantage will be promoted by the establishment of the proposed branch office.

(b)That the industrial loan company has the capital required by this division.

…

Legislative history

Amended by Stats. 1987, Ch. 787, Sec. 2. Operative January 1, 1989, by Sec. 7 of Ch. 787.