Section 16205 Of Article 9. Enforcement From California Financial Code >> Division 5. >> Chapter 11. >> Article 9.
16205
. (a) Any foreign (other state) credit union to which an order
is issued under Section 16202 or 16203 may apply to the commissioner
to modify or rescind the order. The commissioner shall not grant the
application unless the commissioner finds that it is in the public
interest to do so and that it is reasonable to believe that the
foreign (other state) credit union will, if and when it is again
authorized to maintain an office, comply with all applicable
provisions of this division and of any regulation or order issued
under this division.
(b) The right of any foreign (other state) credit union to which
an order is issued under Section 16202 or 16203 to petition for
judicial review of the order shall not be affected by the failure of
the foreign (other state) credit union to apply to the commissioner
pursuant to subdivision (a) to modify or rescind the order.