Cal. Financial Code § 18339
Cal. Financial Code § 18339
California · California Financial Code · Status: effective · Effective 2023-01-01
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- Citation
- Cal. Financial Code § 18339, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815154
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Full text
As of the operative date of this section:
(a) There is established an Industrial Loan Account in the Financial Institutions Fund in the State Treasury.
(b) All money on deposit with the Treasurer in the State Corporations Fund that has been received or collected by the Commissioner of Financial Protection and Innovation under this division or any other law relating to industrial loan companies or the industrial loan business, all other assets of the State Corporations Fund that have been acquired by the Commissioner of Financial Protection and Innovation under this division or any other law relating to industrial loan companies or the industrial loan business, and all liabilities of the State Corporations Fund that have been incurred under this division or any other law relating to industrial loan companies or the industrial loan business shall be transferred to the Industrial Loan Account.