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HomeFinancial CodeDiv. 7Ch. 1Art. 4§ 18062 Advertising Approval Requirements

§ 18062 Advertising Approval Requirements

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

§ 18062 Advertising Approval Requirements

This law says that a company can't use ads that the commissioner has said no to. Sometimes, they have to get approval before using an ad to make sure it's not lying or tricking people.

Key Takeaways

  • •Companies can't use ads that the commissioner has rejected.
  • •Sometimes, companies must get approval before using an ad.
  • •The goal is to stop ads that lie or trick people.

Example

A company wants to put an ad in the newspaper saying their investment plan will make people rich fast.

They have to check with the commissioner first. If the commissioner says the ad is misleading, they can't use it.

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

Official Source
View on CA.gov

§ 18062 Advertising Approval Requirements

An industrial loan company shall not use any advertisement after its use has been disapproved by the commissioner and the industrial loan company has been notified in writing of the disapproval. Commencing July 1, 1990, the commissioner may require a company to obtain written or oral approval of any advertisement for investment or thrift certificates prior to publication thereof in order to avoid false, misleading, or deceptive advertising. (Amended by Stats. 2006, Ch. 538, Sec. 173. Effective January 1, 2007.)

Last verified: January 11, 2026

Key Terms

industrial loan companycommissioneradvertisementinvestment or thrift certificatesfalse, misleading, or deceptive advertising

Related Statutes

  • § 18061 Loan Advertising Rate Disclosure
  • § 18063 Industrial Loan Advertising Records
  • § 18022 Industrial Loan Company Investments
  • § 18023 Industrial Loan Borrowing Limits
  • § 18024 Industrial Loan Company Names

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 18062.
View Official Source