Section 16905 Of Article 9. Enforcement From California Financial Code >> Division 5. >> Chapter 12. >> Article 9.
16905
. (a) Any foreign (other nation) credit union to which an
order is issued under Section 16902 and 16903 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 nation) 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 nation) credit union to which
an order is issued under Section 16902 or 16903 to petition for
judicial review of the order shall not be affected by the failure of
the foreign (other nation) credit union to apply to the commissioner
pursuant to subdivision (a) to modify or rescind the order.