§ 18682 Foreign Loan Company Branches

• •A company from another state that lends money can't open a branch in California unless they follow California's rules.
• •They must get special permission from California to do business there.
• •This rule is to make sure out-of-state companies follow the same rules as California companies.

A company from Texas wants to open a small loan office in Los Angeles.

Before they can open, they must get permission from California to do business there, just like a California company would.