Jurris.COM
Section 18266.3 Of Article 5. Limitations And Regulations Of Loans And Purchased Obligations From California Financial Code >> Division 7. >> Chapter 3. >> Article 5.
18266.3
. The commissioner shall approve the request made pursuant
to Section 18266.2 within 30 days after filing unless the
commissioner has ascertained that the company has failed to show
either of the following:
(a) That the proposed plan of business has a reasonable promise of a successful operation.
(b) That the company has a person with the necessary business qualifications, experience or ability to direct and manage the operations of the plan of business.
(a) That the proposed plan of business has a reasonable promise of a successful operation.
(b) That the company has a person with the necessary business qualifications, experience or ability to direct and manage the operations of the plan of business.
