California Financial Code 18151 – An industrial loan company which opens a branch office without first …
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An industrial loan company which opens a branch office without first obtaining a certificate of authorization to transact business shall forfeit to the people of the state the sum of one hundred dollars ($100) for every day during which the branch office is maintained without authority.
(Added by Stats. 1976, Ch. 964.)
Terms Used In California Financial Code 18151
- company: as used in this division means a premium finance agency as defined in Section 18560. See California Financial Code 18003