California Financial Code

§ 18061

FIN § 18061 Effective Jan 1, 1999Div. 7 · Ch. 1 · Art. 4

Statute text

If an industrial loan company refers in any advertisement to rates of charge, discount, charges or costs of loans, those charges shall be stated fully and clearly in a manner as may be necessary to prevent misunderstanding thereof by prospective borrowers and to give adequate information to prospective borrowers. If the rates or costs advertised do not apply to loans of all classes, this fact shall be clearly indicated in the advertisement.

Legislative history

Amended by Stats. 1998, Ch. 827, Sec. 8. Effective January 1, 1999.