§ 18663 Foreign Loan Company Records

• •If a company from another state has an office in California, they must keep records of their work there.
• •These records can be kept at the California office or another place approved by the state.
• •The state decides how long and in what way these records must be kept.

A bank from Nevada opens a branch in Los Angeles.

The bank must keep all its California customer records, like loans and transactions, either at the Los Angeles branch or another approved spot. The state tells them how to organize these records and for how long.