California § 18343 - The commissioner may require an industrial loan company to establish and maintain
Full text of California Public Contract Code - PCC § 18343 — The commissioner may require an industrial loan company to establish and maintain, with citation guidance and answers to common questions.
§ 18343. The commissioner may require an industrial loan company to establish and maintain
The commissioner may require an industrial loan company to establish and maintain reasonable reserves for loans made, and contracts or other obligations purchased or discounted in accordance with sound business practices. The commissioner may by rule or order: (a) Establish reasonable standards for the classification of loans and contracts or other obligations as to their delinquency or currency. (b) Prescribe the conditions requiring the writing off of delinquent loans and contracts or other obligations and the conditions under which they may be restored as part of corporate assets. (c) Establish the basis upon which reasonable and adequate reserves shall be created and maintained.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18343
What does Public Contract Code - PCC § 18343 cover?
Section 18343 ("The commissioner may require an industrial loan company to establish and maintain") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 18343?
A common citation format is "Public Contract Code - PCC § 18343" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 18343 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.