Section 18703 Of Article 5. California Industrial Loan Company As Agent From California Financial Code >> Division 7. >> Chapter 10. >> Article 5.

. In determining whether to approve or deny an application by a California industrial loan company for approval to engage in authorized agency activities as agent for an insured depository institution, the commissioner shall consider both of the following factors:
  (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.