California · Financial Code

FIN §18062: An industrial loan company shall not use any advertisement after its use has been disapproved by the commissioner and the industrial loan company has been notified in writing of the disapproval.

What this law says, in plain English

Industrial loan companies cannot continue using advertisements after the commissioner disapproves them and provides written notice of the disapproval.

Read the full statutory text

An industrial loan company shall not use any advertisement after its use has been disapproved by the commissioner and the industrial loan company has been notified in writing of the disapproval. Commencing July 1, 1990, the commissioner may require a company to obtain written or oral approval of any advertisement for investment or thrift certificates prior to publication thereof in order to avoid false, misleading, or deceptive advertising.

Verify at the official source: California legislative text

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