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HomeFinancial CodeDiv. 7Ch. 10Art. 1§ 18662 Foreign Loan Company Reports

§ 18662 Foreign Loan Company Reports

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

§ 18662 Foreign Loan Company Reports

Key Takeaways

  • •If a loan company from another state has an office in California, they must send reports to the state when asked.
  • •The reports must include whatever info California asks for and be signed the way they want.
  • •Sometimes, the company might have to swear the info is true.

Example

A loan company from Nevada opens a branch in Los Angeles.

California can tell them to send regular reports about their loans and money. The company has to fill out the forms exactly how California says, sign them, and sometimes promise the info is correct.

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

Official Source
View on CA.gov

§ 18662 Foreign Loan Company Reports

(a) Each foreign (other state) industrial loan company that maintains a facility or a California branch office shall file with the commissioner such reports as and when the commissioner may by rule or order require. (b) Each report filed with the commissioner under this chapter or under any rule or order issued under this chapter shall be in the form, shall contain the information, shall be signed in the manner, and shall (if the commissioner so requires by rule or order) be verified in the manner that the commissioner may by rule or order require. (Added by Stats. 1995, Ch. 479, Sec. 7. Effective October 2, 1995.)

Last verified: January 23, 2026

Key Terms

foreign industrial loan companycommissionerreportsrule or order

Related Statutes

  • § 18661 Application Filing Requirements
  • § 18663 Foreign Loan Company Records
  • § 1340 Bank General Partnership Restrictions
  • § 18665 Foreign Loan Interest Exemption
  • § 18666 Commissioner Rulemaking Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18662.
View Official Source