§ 18683 Foreign Industrial Loan Branches

Financial Code·California

AI SummaryVerified

Key Takeaways

•If a loan company from another state wants to open a branch in California, they must have insurance.
•This rule is to protect people who use these loan companies.
•The law has been in place since 1995.

Example

A loan company from Nevada wants to open a new office in Los Angeles.

Before they can open, they need to show they have insurance. If they don’t, they can’t open the office in California.

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

Official Source

View on CA.gov

§ 18683 Foreign Industrial Loan Branches

No foreign (other state) industrial loan company may establish or maintain a California branch office unless the industrial loan company is insured. (Added by Stats. 1995, Ch. 479, Sec. 7. Effective October 2, 1995.)

Last verified: January 23, 2026

Key Terms

foreign industrial loan company California branch office insured

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18683.

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Example

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References

Key Takeaways

Example

Key Terms

Related Statutes

References