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Financial Code - FIN - FIN § 18392

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18392

The industrial loan company examined shall pay to the commissioner the cost of any examination, investigation or services, including the salary or other compensation paid to the persons making the examination or investigation or rendering services, and overhead costs in connectio

Financial Code - FIN - FIN § 18393

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18393

The commissioner shall, upon receipt of written notification by an industrial loan company that it intends to engage in or is engaging in transactions permitted under Section 18209, make an examination of the affairs and records of each such industrial loan company at least once

Financial Code - FIN - FIN § 18394

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18394

Investigation and examination reports prepared by the commissioner’s duly designated representatives shall not be public records. Those reports may be disclosed to the officers and directors of a company that is the subject of a report for the purpose of corrective action by thos

Financial Code - FIN - FIN § 18396

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18396

(a) In this section, “governmental agency” includes, without limitation, any agency of this state, of any other state of the United States, of the United States, or of any foreign nation. (b) The commissioner may furnish information to a governmental agency that regulates financi

Financial Code - FIN - FIN § 18405

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18405

(a) On or before the 15th day of March of every year, each industrial loan company shall file with the commissioner an audit report containing audited financial statements together with such other relevant information as the commissioner may require relating to the company and to

Financial Code - FIN - FIN § 18406

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18406

Each industrial loan company which has issued and which has outstanding investment certificates shall: (a) Post in a conspicuous and prominent place in each business location a condensed statement of its financial condition, and (b) Furnish to a person prior to such person’s inve

Financial Code - FIN - FIN § 18407

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18407

An industrial loan company shall, when requested by the commissioner, submit its unaudited financial statements, prepared in accordance with generally accepted accounting principles and consisting of at least a balance sheet and a statement of income as of the date and for the pe

Financial Code - FIN - FIN § 18408

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18408

An industrial loan company shall make other special reports to the commissioner as the commissioner may from time to time require.

Financial Code - FIN - FIN § 18409

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18409

The commissioner shall make and file annually with the department as a public record a composite of reports filed by industrial loan companies, and any comments thereon that he or she deems in the public interest.

Financial Code - FIN - FIN § 18410

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18410

For the purposes of the composite report provided for by Section 18409, an industrial loan company shall furnish statistical information as is reasonably required by the commissioner, including information for each place of business of the company and as to any parent, subsidiary

Financial Code - FIN - FIN § 18411

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18411

The commissioner may by rule or regulation specify the form and contents of the financial statements, reports, certificates and opinions required to be filed pursuant to this article, and may require that such reports and financial statements be verified in such manner as he may

Financial Code - FIN - FIN § 18412

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18412

Each report required under this article shall be filed with the commissioner at the time that the commissioner by regulation or order may require. If any industrial loan company fails to make any report required by this article at the time specified by the commissioner, or fails

Financial Code - FIN - FIN § 18415

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415

The commissioner may take possession of the property and business of any industrial loan company and retain possession until the company resumes business or its affairs are liquidated if any of the following grounds exist: (a) The capital of an industrial loan company is impaired

Financial Code - FIN - FIN § 18415.1

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.1

Whenever the commissioner has taken possession of the property and business of an industrial loan company, that industrial loan company, within 10 days after the taking, if it deems itself aggrieved thereby, may apply to the superior court in the county in which the head office o

Financial Code - FIN - FIN § 18415.10

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.10

The commissioner may, at any time, examine under oath any officer, director, agent, employee or stockholder of a company to determine whether or not all property and assets have been transferred or delivered to the commissioner’s possession.

Financial Code - FIN - FIN § 18415.11

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.11

Upon taking possession of the property and business of any company, the commissioner has authority and the duty to collect all moneys due to the company and to do such other acts as are necessary or expedient to collect, conserve, or protect its assets, property and business. The

Financial Code - FIN - FIN § 18415.12

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.12

The commissioner may file a petition with the court and the court shall issue such injunctions or orders, as may be deemed necessary, to prevent any of the following occurrences: (a) Interference with the commissioner or the proceeding. (b) The institution of any actions or proce

Financial Code - FIN - FIN § 18415.13

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.13

After the taking of possession of the property and business of any company, the commissioner may terminate or adopt any executory contract to which the company may be a party, including leases of real or personal property. The termination or adoption shall be made within six mont

Financial Code - FIN - FIN § 18415.14

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.14

The commissioner may proceed against any debtor or alleged debtor by way of summary procedure or by order to show cause issued by the court upon application by the commissioner.

Financial Code - FIN - FIN § 18415.15

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.15

The commissioner may make examinations of the seized company and review the activities of any conservator or liquidator.

Financial Code - FIN - FIN § 18415.16

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.16

The actual cost of any examination, investigation or services, including the actual amount of salary or other compensation paid to the persons making the examination, investigation or rendering services and the overhead costs in connection therewith, as fixed by the commissioner,

Financial Code - FIN - FIN § 18415.17

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.17

The determination by the commissioner to liquidate a company, evidenced by filing written notice of the determination with the court, operates to stay or dissolve all actions or attachments instituted or levied within 90 days next preceding the taking of possession of the company

Financial Code - FIN - FIN § 18415.18

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.18

Upon taking possession of the property, and business of a company in any proceeding under this article, the commissioner shall have the power to do all of the following: (a) Appoint one or more special deputy commissioners as his or her agent or agents with the powers specified i

Financial Code - FIN - FIN § 18415.19

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.19

All expenses of taking possession of, conserving, conducting, liquidating, disposing of or otherwise dealing with the business and property of any company under this article shall be paid out of the assets of that company. Those expenses shall include, among other things, the com

Financial Code - FIN - FIN § 18415.2

statute | California | California Legislative Counsel

Financial Code - FIN - FIN § 18415.2

An appeal may be taken from the judgment of the court by the commissioner or by the industrial loan company in the manner provided by law for appeals from the judgment of a superior court to the court of appeal.