§ 18672 Foreign Loan Company Notice

Financial Code·California

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Key Takeaways

•If a company from another state wants to open a new office in California, they have to tell the state first.
•They must send a report to the state at least 30 days before opening.
•They also have to appoint someone to receive legal papers in California.

Example

A bank from Texas wants to open a new branch in Los Angeles.

The bank must tell California’s banking boss at least 30 days before opening. They also have to pick a person in California who can accept legal letters for them.

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

Official Source

View on CA.gov

§ 18672 Foreign Loan Company Notice

Not less than 30 days before an insured foreign (other state) industrial loan company establishes a facility, it shall file with the commissioner a report and the appointment called for in Section 18673. (Added by Stats. 1995, Ch. 479, Sec. 7. Effective October 2, 1995.)

Last verified: January 23, 2026

Key Terms

insured foreign industrial loan company facility commissioner report appointment

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18672.

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Key Takeaways

Example

Key Terms

Related Statutes

References