Section 18060 Of Article 4. Advertising From California Financial Code >> Division 7. >> Chapter 1. >> Article 4.
18060
. (a) Except as provided in subdivision (b), industrial loan
company which issues thrift certificates shall not use any thrift
advertisement which refers to the industrial loan company's ownership
by, or affiliation with, any other entity unless the advertisement
also discloses in as prominent a manner and as large a type size as
the referenced ownership or affiliation was stated, whether or not
the owner or affiliate so named guarantees thrift certificates issued
by the industrial loan company.
(b) (1) Subdivision (a) applies to an insured company when the
other entity guarantees the thrift certificates issued by the insured
company.
(2) Subdivision (a) does not apply to an insured company when the
other entity does not guarantee the thrift certificates issued by the
insured company and the advertisement referring to the insured
company's ownership by, or affiliation with, the other entity does
not state or imply that the assets or reserves of the other entity
may be used to guarantee thrift certificates of the insured company.