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HomeFinancial CodeDiv. 7Ch. 1Art. 4§ 18056 Industrial Loan Advertising Restrictions

§ 18056 Industrial Loan Advertising Restrictions

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 18056 Industrial Loan Advertising Restrictions

This law stops industrial loan companies from using ads that mention state supervision.

Key Takeaways

  • •Ads cannot mention state supervision.
  • •The rule applies to any kind of advertising.
  • •Breaking the rule can result in penalties.

Example

A loan company puts a billboard that says "Supervised by the State Banking Department" to look trustworthy.

The ad refers to state supervision, which is not allowed, so the company could be fined.

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

Official Source
View on CA.gov

§ 18056 Industrial Loan Advertising Restrictions

An industrial loan company shall not use any advertising which refers to the supervision of such company by the state or any department or official thereof. (Added by Stats. 1976, Ch. 964.)

Last verified: January 11, 2026

Key Terms

industrial loan companyadvertisingsupervisionstate

Related Statutes

  • § 18057 Industrial Loan Advertising Restrictions
  • § 18055 Loan Advertising Truth Rules
  • § 18058 Investment Certificate Insurance Claims
  • § 18060 Thrift Certificate Advertising Disclosure
  • § 18061 Loan Advertising Rate Disclosure

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18056.
View Official Source