Section 18693 Of Article 4. California Industrial Loan Company As Principal From California Financial Code >> Division 7. >> Chapter 10. >> Article 4.

. In determining whether to approve or deny an application by a California industrial loan company for approval to have an insured depository institution engage in authorized agency activities as its agent, the commissioner shall consider both of the following:
  (a) Whether the proposed agency arrangement is consistent with the safe and sound operation of the California industrial loan company.
  (b) Any other factors that the commissioner deems relevant.