§ 18352 Industrial Loan Company Assessment

Financial Code·California

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Key Takeaways

•Industrial loan companies must pay at least $250 every year in fees.
•If a company starts late in the year, it still has to pay at least $25 for each month (or part of a month) left until December 31st.
•The minimum fee is $25 per month, even if the company is only open for part of a month.

Example

A new loan company opens on November 15th.

The company must pay fees for November and December (2 months). Even though it opened halfway through November, it still pays for the full month. So, it owes $25 for November and $25 for December, totaling $50.

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

Official Source

View on CA.gov

§ 18352 Industrial Loan Company Assessment

In the levying and collection of an assessment pursuant to Section 18350, an industrial loan company shall not be assessed for nor be permitted to pay less than two hundred fifty dollars ($250) per year, or not less than twenty-five dollars ($25) per month or fraction of a month for the unexpired year ending December 31st following its incorporation. (Added by Stats. 1976, Ch. 964.)

Last verified: January 23, 2026

Key Terms

industrial loan company assessment two hundred fifty dollars ($250)twenty-five dollars ($25)December 31st

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18352.

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Key Takeaways

Example

Key Terms

Related Statutes

References