§ 18393 Industrial Loan Company Annual Examination

• •The government checks up on certain loan companies every year to make sure they're following the rules.
• •If a loan company decides to stop doing certain types of loans, they have to tell the government and show proof they're done with those loans.
• •The yearly check-up only happens if the company is doing the special types of loans mentioned in the law.

A small loan company starts offering special loans to help people buy tools for their jobs.

The government will check the company's records every year to make sure they're doing everything right with these special loans. If the company decides to stop offering these loans, they have to tell the government and show that they've paid off or canceled all those loans.