§ 18029 Recordkeeping Requirements

Financial Code·California

AI SummaryVerified

The law requires each industrial loan company to keep detailed books and records so the state commissioner can check if the company follows the rules.

Key Takeaways

•Companies must keep accurate financial records.
•The records must show the company follows state rules.
•The commissioner can review these records at any time.

Example

A loan company must keep all its financial paperwork so the state can see if it is following loan rules.

The company has to store all its loan files and accounting records so the commissioner can review them and make sure the company isn’t breaking any laws.

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

Official Source

View on CA.gov

§ 18029 Recordkeeping Requirements

Each industrial loan company shall keep and use in its business, books, accounts, and records which will enable the commissioner to determine if the company is complying with the provisions of this division and with the rules and regulations made by the commissioner. (Added by Stats. 1976, Ch. 964.)

Last verified: January 11, 2026

Key Terms

industrial loan company books, accounts, and records commissioner

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18029.

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Key Takeaways

Example

Key Terms

Related Statutes

References