California Financial Code

§ 18687

FIN § 18687 Effective Oct 2, 1995Div. 7 · Ch. 10 · Art. 3

Statute text

(a)No foreign (other state) industrial loan company that maintains a California branch office may transact at the branch office any business that it is not authorized to transact or is prohibited from transacting under the law of its domicile or that industrial loan companies organized and licensed under the laws of this state are not authorized to transact or are prohibited from transacting.

(b)Whenever any provision of this chapter or of any rule or order issued under this chapter which is applicable to or with respect to a foreign (other state) industrial loan company that maintains a California branch office is inconsistent with any provision of any other chapter of this division, the former provision applies, and the latter provision does not apply.

Legislative history

Added by Stats. 1995, Ch. 479, Sec. 7. Effective October 2, 1995.