California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 7. INDUSTRIAL LOAN COMPANIES |
Chapter 2. Formation and Organization |
ARTICLE 1. General |
Section 18100.5.
Latest version.
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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.
(Amended by Stats. 1998, Ch. 827, Sec. 9. Effective January 1, 1999.)