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Section 18303 Of Article 6.5. Open-end Loans From California Financial Code >> Division 7. >> Chapter 3. >> Article 6.5.
18303
. The commissioner shall approve the request made pursuant to
Section 18302 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.
