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HomeFinancial CodeDiv. 7Ch. 10Art. 1§ 18664 Foreign Industrial Loan Fees

§ 18664 Foreign Industrial Loan Fees

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

§ 18664 Foreign Industrial Loan Fees

Key Takeaways

  • •If a company from another state has a branch in California, they must pay a fee by December 20 every year.
  • •If the company has a facility in California but no branch, they pay $250 per facility by July 1.
  • •If the state checks (examines) the company, the company pays $50 per hour for each person checking, plus travel costs if needed.

Example

A bank from Nevada has a branch in Los Angeles.

This bank must pay a fee every year by December 20 because it has a branch in California.

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

Official Source
View on CA.gov

§ 18664 Foreign Industrial Loan Fees

Fees shall be paid to, and collected by, the commissioner as follows: (a) Each foreign (other state) industrial loan company that on July 1 of any year maintains a California branch office shall pay, on or before December 20 of that year, the assessment levied under Section 18351. (b) Each foreign (other state) industrial loan company that on June 1 of any year maintains a facility but no California branch office shall pay, on or before the following July 1, a fee of two hundred fifty dollars ($250) for each facility. (c) If the commissioner makes an examination of a foreign (other state) industrial loan company that maintains a California branch office, the industrial loan company shall pay a fee for the examination in the sum of fifty dollars ($50) per hour for each examiner engaged in the examination plus, if in the opinion of the commissioner it is necessary for any examiner engaged in the examination to travel outside this state, the travel expenses of the examiner. (Added by Stats. 1995, Ch. 479, Sec. 7. Effective October 2, 1995.)

Last verified: January 23, 2026

Key Terms

foreign (other state) industrial loan companyCalifornia branch officeassessmentfeeexamination

Related Statutes

  • § 18660 Loan Agency Activities
  • § 18681 Foreign Industrial Loan Exemptions
  • § 18687 Foreign Industrial Loan Restrictions
  • § 1320 Bank Property Acquisition Rules
  • § 1321 Bank Property Sale Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18664.
View Official Source