Amended by Stats. 1996, Ch. 887, Sec. 62. Effective September 25, 1996.
In determining whether to approve or deny an application by a California industrial loan company for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:
(a)Whether the proposed agency arrangement is consistent with the safe and sound operation of the California industrial loan company.
(b)Any other factors that the
commissioner deems relevant.
Cite this section