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HomeFinancial CodeDiv. 7Ch. 1Art. 2§ 18024 Industrial Loan Company Names

§ 18024 Industrial Loan Company Names

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 18024 Industrial Loan Company Names

A loan company must use only the exact name listed in its incorporation papers when doing business.

Key Takeaways

  • •The company must use the exact name from its incorporation papers.
  • •It cannot use any other name for loans.
  • •The name must match what was filed with the commissioner.

Example

A company named 'Sunrise Loans Inc' tries to call itself 'Quick Cash Loans' when giving out a loan.

Because the name is different from what was filed, the loan would be illegal under this rule.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 18024 Industrial Loan Company Names

An industrial loan company shall not transact business or make any loan provided for by this division under any other name than that set forth in the articles of incorporation as filed with the commissioner. (Added by Stats. 1976, Ch. 964.)

Last verified: January 11, 2026

Key Terms

industrial loan companyarticles of incorporationcommissioner

Related Statutes

  • § 18022 Industrial Loan Company Investments
  • § 18029 Recordkeeping Requirements
  • § 18020 Industrial Loan Officer Qualifications
  • § 18022.5 Industrial Loan Company Securities
  • § 18023 Industrial Loan Borrowing Limits

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18024.
View Official Source