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Financial Code - FIN - FIN § 18347
Financial Code - FIN - FIN § 18347
The commissioner may establish rules and regulations which are reasonable and necessary to carry out the purposes and provisions of this division, including rules and regulations concerning the terms, form, offer, and sale of investment certificates.
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Financial Code - FIN - FIN § 18349
Financial Code - FIN - FIN § 18349
The commissioner may, upon reasonable notice and opportunity to be heard, suspend or revoke the license of an industrial loan company if the commissioner finds that the industrial loan company has violated any provision of this division or any rule or regulation of the commission
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Financial Code - FIN - FIN § 18349.5
Financial Code - FIN - FIN § 18349.5
(a) For the purposes of this section, the following definitions are applicable: (1) “Account holder” includes, in the case of an investment certificate account, an investment certificate holder; in the case of a trust account, each trustor and beneficiary of the trust account; an
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Financial Code - FIN - FIN § 1835
Financial Code - FIN - FIN § 1835
(a) If the commissioner finds that any of the factors set forth in Section 1831 is true with respect to any foreign (other nation) bank which is licensed to transact business in this state and that it is necessary for the protection of the interests of the creditors of such bank’
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Financial Code - FIN - FIN § 18350
Financial Code - FIN - FIN § 18350
Each industrial loan company shall pay to the commissioner its pro rata share of all costs and expenses of the department in administering this division and other laws relating to industrial loan companies or the industrial loan business, as estimated by the commissioner for the
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Financial Code - FIN - FIN § 18351
Financial Code - FIN - FIN § 18351
On or before the 30th day of November in each year, the commissioner shall notify each industrial loan company by mail of the amount assessed and levied against it and that amount shall be paid within 20 days thereafter. If payment is not made within 20 days, the commissioner sha
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Financial Code - FIN - FIN § 18352
Financial Code - FIN - FIN § 18352
In the levying and collection of an assessment pursuant to Section 18350, an industrial loan company shall not be assessed for nor be permitted to pay less than two hundred fifty dollars ($250) per year, or not less than twenty-five dollars ($25) per month or fraction of a month
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Financial Code - FIN - FIN § 18353
Financial Code - FIN - FIN § 18353
If an industrial loan company fails to pay the assessment provided in Section 18350 on or before the 30th day of December following the day upon which payment is due, the commissioner may by order summarily suspend or revoke the certificate issued to that company. If, after such
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Financial Code - FIN - FIN § 18354
Financial Code - FIN - FIN § 18354
The commissioner may require the attendance of witnesses and examine under oath all persons whose testimony he requires relative to the affairs of an industrial loan company or to the subject matter of any examination, investigation, or hearing.
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Financial Code - FIN - FIN § 18355
Financial Code - FIN - FIN § 18355
Whenever, after an examination, investigation or hearing under this division, the commissioner deems it of public interest or advantage, he may certify a record to the proper prosecuting official of the county or city in which the act complained of, examined, or investigated, occ
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Financial Code - FIN - FIN § 18356
Financial Code - FIN - FIN § 18356
The commissioner may order any industrial loan company to desist from any conduct which the commissioner finds in violation of this division or any rule or order of the commissioner made pursuant to this division.
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Financial Code - FIN - FIN § 18357
Financial Code - FIN - FIN § 18357
(a) If it appears to the commissioner that an industrial loan company has violated or failed to comply with the provisions of its articles of incorporation, or with any law of this state, the commissioner may by written order addressed to the company, direct that company to disco
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Financial Code - FIN - FIN § 18358
Financial Code - FIN - FIN § 18358
If it appears to the commissioner that an industrial loan company is conducting business in an unsafe, unsound, or injurious manner, the commissioner may, by written order, direct the discontinuance of any such unsafe or injurious practices.
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Financial Code - FIN - FIN § 18359
Financial Code - FIN - FIN § 18359
Whenever the commissioner is authorized to issue an order pursuant to Section 18357 or Section 18358 of this division, the commissioner may issue an order directing an industrial loan company to discontinue or limit the sale of its investment certificates or to impound the procee
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Financial Code - FIN - FIN § 18360
Financial Code - FIN - FIN § 18360
The company named in any order issued pursuant to this division for which no express hearing right is provided, including Sections 18356, 18357, 18358, 18359, 18363, and 18415.3 may, within 15 days after receipt thereof, file with the commissioner its written request for hearing.
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Financial Code - FIN - FIN § 18361
Financial Code - FIN - FIN § 18361
After any order is made final, the industrial loan company shall have 10 days in which suit may be commenced to restrain enforcement of such order and unless such action is commenced and enforcement of the final order is enjoined within 10 days by the court in which such suit is
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Financial Code - FIN - FIN § 18362
Financial Code - FIN - FIN § 18362
(a) If the commissioner believes that an industrial loan company or its directors, officers, agents, or employees have violated or are about to violate any of the provisions of this division, or any provision of an order, license, permit, decision, demand, or requirement of the c
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Financial Code - FIN - FIN § 18363
Financial Code - FIN - FIN § 18363
The commissioner may order an industrial loan company to suspend the redemption of investment certificates or the payment of the liabilities of the company or limit the payment of the liabilities in such manner as he prescribes, if it appears to the commissioner that such action
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Financial Code - FIN - FIN § 18364
Financial Code - FIN - FIN § 18364
After an order of suspending or limiting the payment of liabilities is effective and until that order is rescinded, the industrial loan company shall make no assignment or hypothecation of any indebtedness due to it from an investor without first crediting thereon the investment
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Financial Code - FIN - FIN § 18365
Financial Code - FIN - FIN § 18365
The authority granted to the commissioner by Section 18363, may be exercised by him in conjunction with all other powers granted by this chapter, or independently from them.
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Financial Code - FIN - FIN § 18366
Financial Code - FIN - FIN § 18366
Every order, decision, license, or other official act of the commissioner is subject to review in accordance with law. Upon review, the burden of proof lies upon the appellant, and the court shall receive and consider any pertinent evidence which was introduced in the formal hear
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Financial Code - FIN - FIN § 18367
Financial Code - FIN - FIN § 18367
(a) If at any time the commissioner is of the opinion that the further sale of investment certificates by an industrial loan company would be unfair, unjust or inequitable to the purchasers of its investment certificates, the commissioner may, notwithstanding any other provision
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Financial Code - FIN - FIN § 18368
Financial Code - FIN - FIN § 18368
(a) The commissioner may make the agreements that he or she deems necessary or appropriate in exercising his or her powers. (b) (1) The agreements authorized under subdivision (a) may include, but are not limited to, agreements with agencies of this state, of other states of the
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Financial Code - FIN - FIN § 18390
Financial Code - FIN - FIN § 18390
For the purpose of discovering violations of this division or securing information required, the commissioner may at any time investigate the affairs and examine the books, accounts, records, and files of every corporation engaged in the business of an industrial loan company or
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Financial Code - FIN - FIN § 18391
Financial Code - FIN - FIN § 18391
Whenever in the judgment of the commissioner the condition of any industrial loan company renders it necessary or expedient to devote any extraordinary attention to its affairs, the commissioner may make any extra examination or investigation and perform any necessary services in