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HomeFinancial CodeDiv. 7Ch. 5Art. 2§ 18390 Commissioner Examination Authority

§ 18390 Commissioner Examination Authority

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

§ 18390 Commissioner Examination Authority

Key Takeaways

  • •The government can check the records of companies that lend money or help with loans.
  • •They can look at books, files, and even safes to make sure the company is following the rules.
  • •This can happen anytime, even if the company says they are following the rules.

Example

A company gives out loans to people who want to buy cars.

The government can walk into the company’s office and check their records to make sure they are not cheating people or breaking any rules.

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

Official Source
View on CA.gov

§ 18390 Commissioner Examination Authority

For the purpose of discovering violations of this division or securing information required, the commissioner may at any time investigate the affairs and examine the books, accounts, records, and files of every corporation engaged in the business of an industrial loan company or broker, or its holding company or affiliates, whether such corporation acts or claims to act as principal or agent, or under or without the authority of this division. For the purposes of examination and investigation, the commissioner and the commissioner’s duly designated representatives shall have free access to the offices and places of business, books, accounts, papers, records, files, safes and vaults of all such corporations and their holding companies or affiliates. (Amended by Stats. 1980, Ch. 418, Sec. 3.)

Last verified: January 23, 2026

Key Terms

commissionerindustrial loan companybrokerholding companyaffiliatesinvestigateexaminebooksaccountsrecordsfiles

Related Statutes

  • § 22701 Commissioner'S Examination Authority
  • § 17344 Fidelity Corporation Oversight Rules
  • § 18030 Industrial Loan Company Record Retention
  • § 18391 Extraordinary Attention Industrial Loan Companies
  • § 18392 Examination Cost Payment

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18390.
View Official Source