California Business and Professions Code

§ 10245

BPC § 10245 Effective Jan 1, 2008Div. 4 · Part 1 · Ch. 3 · Art. 7

Statute text

The provisions of this article, exclusive of the provisions of Sections 10240, 10240.3, 10242.5, and 10242.6, do not apply to any bona fide loan secured directly or collaterally by a first trust deed, the principal of which is thirty thousand dollars ($30,000) or more, or to any bona fide loan secured directly or collaterally by any lien junior thereto, the principal of which is twenty thousand dollars ($20,000) or more.

Legislative history

Amended by Stats. 2007, Ch. 301, Sec. 4. Effective January 1, 2008.