Amended by Stats. 1996, Ch. 887, Sec. 70. Effective September 25, 1996.
In determining whether to approve or deny an application by a California industrial loan company for approval to engage in authorized agency activities as agent for an insured depository institution, the commissioner shall consider both of the following factors:
(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.
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