§ 18391 Extraordinary Attention Industrial Loan Companies

Financial Code·California

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Key Takeaways

•If a company that lends money is in trouble, the boss in charge can check on them extra.
•The boss can do more checks if they think the company needs help.
•This is to make sure the company is doing okay and not breaking rules.

Example

A small bank is having money problems and people are worried.

The boss in charge can decide to check the bank more often to make sure everything is okay and fix any problems.

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

Official Source

View on CA.gov

§ 18391 Extraordinary Attention Industrial Loan Companies

Whenever in the judgment of the commissioner the condition of any industrial loan company renders it necessary or expedient to devote any extraordinary attention to its affairs, the commissioner may make any extra examination or investigation and perform any necessary services in connection with its affairs. (Added by Stats. 1976, Ch. 964.)

Last verified: January 23, 2026

Key Terms

commissioner industrial loan company extra examination extraordinary attention

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18391.

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Key Takeaways

Example

Key Terms

Related Statutes

References