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HomeFinancial CodeDiv. 7Ch. 5Art. 1§ 18356 Commissioner Enforcement Orders

§ 18356 Commissioner Enforcement Orders

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

§ 18356 Commissioner Enforcement Orders

Key Takeaways

  • •The boss in charge of banks can tell a loan company to stop doing something wrong.
  • •If a loan company breaks the rules, the boss can make them stop.
  • •The boss can also make new rules, and if a company breaks those, they have to stop too.

Example

A loan company is charging people way too much interest on their loans.

The boss in charge finds out and tells the company to stop charging so much. If they don’t stop, they’ll get in trouble.

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

Official Source
View on CA.gov

§ 18356 Commissioner Enforcement Orders

The commissioner may order any industrial loan company to desist from any conduct which the commissioner finds in violation of this division or any rule or order of the commissioner made pursuant to this division. (Amended by Stats. 1996, Ch. 1064, Sec. 593. Effective January 1, 1997. Operative July 1, 1997.)

Last verified: January 23, 2026

Key Terms

commissionerindustrial loan companydesistviolationdivision

Related Statutes

  • § 18357 Industrial Loan Company Compliance
  • § 18344 Loan Office Business Restrictions
  • § 18345 Management Personnel Change Reporting
  • § 18349 License Suspension Or Revocation
  • § 18349.5 Industrial Loan Account Definitions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18356.
View Official Source