Corpus browser
179663 records-
Open
Financial Code - FIN - FIN § 18061
Financial Code - FIN - FIN § 18061
If an industrial loan company refers in any advertisement to rates of charge, discount, charges or costs of loans, those charges shall be stated fully and clearly in a manner as may be necessary to prevent misunderstanding thereof by prospective borrowers and to give adequate inf
-
Open
Financial Code - FIN - FIN § 18062
Financial Code - FIN - FIN § 18062
An industrial loan company shall not use any advertisement after its use has been disapproved by the commissioner and the industrial loan company has been notified in writing of the disapproval. Commencing July 1, 1990, the commissioner may require a company to obtain written or
-
Open
Financial Code - FIN - FIN § 18063
Financial Code - FIN - FIN § 18063
The commissioner may require an industrial loan company to maintain a file of all advertising copy for a period of 12 months from the date of its use. The file shall be available to the commissioner upon request.
-
Open
Financial Code - FIN - FIN § 1807
Financial Code - FIN - FIN § 1807
(a) Whenever the commissioner calls for a report under Section 453 from commercial banks organized under the laws of this state, the commissioner shall call for a report from each foreign (other nation) bank that is licensed to transact business in this state. (b) (1) A foreign (
-
Open
Financial Code - FIN - FIN § 1808
Financial Code - FIN - FIN § 1808
Each foreign (other nation) bank which is licensed to maintain a depositary agency, limited branch office, or wholesale branch office shall, in accordance with such regulations as the commissioner may prescribe, give notice that deposits in such office are not insured by the Fede
-
Open
Financial Code - FIN - FIN § 1809
Financial Code - FIN - FIN § 1809
(a) In case a foreign (other nation) bank is licensed to maintain a depositary agency or branch office and such office is not subject to the regulations of the Depository Institutions Deregulation Committee, Regulation Q of the Board of Governors of the Federal Reserve System, or
-
Open
Financial Code - FIN - FIN § 181
Financial Code - FIN - FIN § 181
“Insured”: (a) When used with respect to a bank or an office of a bank, means a bank or office the deposits of which are insured by the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act (12 U.S.C. Sec. 1811 et seq.). (b) When used with respect to a dep
-
Open
Financial Code - FIN - FIN § 1810
Financial Code - FIN - FIN § 1810
(a) Each foreign (other nation) bank which is licensed to transact business in this state shall keep the assets of such business separate and apart from the assets of its business outside this state. (b) The creditors of the business in this state of a foreign (other nation) bank
-
Open
Financial Code - FIN - FIN § 18100
Financial Code - FIN - FIN § 18100
When authorized by the commissioner as provided in this chapter, a corporation may be organized under the laws of this state, or an existing California corporation may amend its articles of incorporation, to engage in an industrial loan business. Except as otherwise provided in t
-
Open
Financial Code - FIN - FIN § 18100.5
Financial Code - FIN - FIN § 18100.5
Each industrial loan company, other than a premium finance agency, that has issued and has outstanding thrift obligations shall, as a condition to its authority to conduct business under this division, participate as a member of the Federal Deposit Insurance Corporation.
-
Open
Financial Code - FIN - FIN § 18101
Financial Code - FIN - FIN § 18101
If the commissioner approves an application to engage in business as an industrial loan company filed pursuant to Article 2 (commencing with Section 18115) of this chapter, he shall issue a certificate in duplicate authorizing the organization of the corporation, or the amendment
-
Open
Financial Code - FIN - FIN § 18101.5
Financial Code - FIN - FIN § 18101.5
Upon filing an application for approval of proposed articles of incorporation with the commissioner, or upon filing an amendment to the articles of a proposed industrial loan company changing the name of an existing corporation, the incorporators shall file an application for a c
-
Open
Financial Code - FIN - FIN § 18101.6
Financial Code - FIN - FIN § 18101.6
Companies authorized to engage in the industrial loan business after the effective date of the act which added this section shall have the words “industrial loan company,” “investment and loan,” “thrift company,” “thrift and loan company,” or “bank” as part of the company name in
-
Open
Financial Code - FIN - FIN § 18102
Financial Code - FIN - FIN § 18102
The articles of incorporation of an industrial loan company, in addition to the statement required by subdivision (b) of Section 202 of the Corporations Code, shall expressly state that its purpose is to engage in an industrial loan business pursuant to this division. The Secreta
-
Open
Financial Code - FIN - FIN § 18103
Financial Code - FIN - FIN § 18103
An industrial loan company’s certificate to engage in the industrial loan business is not transferable or assignable.
-
Open
Financial Code - FIN - FIN § 18104
Financial Code - FIN - FIN § 18104
Except as otherwise authorized under existing law, no person, unless lawfully authorized to do business in this state under the provisions of this division and who is actually engaged in carrying on an industrial loan business, shall: (a) Do business under any name or title that
-
Open
Financial Code - FIN - FIN § 1811
Financial Code - FIN - FIN § 1811
(a) In this section: (1) “Adjusted liabilities,” when used with respect to a foreign (other nation) bank, means the liabilities of such bank’s business in this state, excluding (A) accrued expenses, (B) any liability to an office (whether in or outside of this state) or majority-
-
Open
Financial Code - FIN - FIN § 18115
Financial Code - FIN - FIN § 18115
An application for authority to engage in the industrial loan business shall be in such form and contain such information as the commissioner may require and shall be accompanied by a filing fee of four hundred dollars ($400).
-
Open
Financial Code - FIN - FIN § 18116
Financial Code - FIN - FIN § 18116
Upon the filing of an application, the commissioner shall make or cause to be made a careful investigation and examination relative to the following: (a) The background and experience of the organizers or incorporators, the proposed officers and managers, and the proposed stockho
-
Open
Financial Code - FIN - FIN § 18117
Financial Code - FIN - FIN § 18117
The commissioner, upon reasonable notice and opportunity to be heard, may deny the application for any of the following reasons: (a) The public convenience and advantage will not be promoted by the establishment of the proposed industrial loan company. (b) The industrial loan com
-
Open
Financial Code - FIN - FIN § 18119
Financial Code - FIN - FIN § 18119
Within 30 days after an application is filed for authorization to establish an industrial loan company which intends to sell and issue its investment certificates, the commissioner shall give written notice of the filing of the application to each industrial loan company subject
-
Open
Financial Code - FIN - FIN § 1812
Financial Code - FIN - FIN § 1812
(a) In this section: (1) “Adjusted liabilities,” when used with respect to a foreign (other nation) bank which is licensed to maintain a branch office in this state, means the liabilities of such bank’s business in this state, excluding (A) accrued expenses, (B) any liability to
-
Open
Financial Code - FIN - FIN § 18120
Financial Code - FIN - FIN § 18120
Before the commissioner issues a certificate of authorization to operate as an industrial loan company, there must be paid in cash for the benefit of the corporation, the minimum capital stock and minimum paid-in surplus or reserve required pursuant to Article 3 (commencing with
-
Open
Financial Code - FIN - FIN § 1813
Financial Code - FIN - FIN § 1813
(a) (1) No foreign (other nation) bank which is licensed to maintain an agency or branch office shall close such office unless the commissioner shall have first approved such closing. (2) Paragraph (1) shall not be deemed to prohibit a foreign (other nation) bank which is license
-
Open
Financial Code - FIN - FIN § 18130
Financial Code - FIN - FIN § 18130
The capital stock of an industrial loan company incorporated under this division shall not be less than: (a) Five hundred thousand dollars ($500,000), if incorporated or commencing business on or before July 8, 1975. (b) Seven hundred fifty thousand dollars ($750,000), and a paid