California Financial Code

§ 18191.5

FIN § 18191.5 Effective Apr 5, 1984Div. 7 · Ch. 3 · Art. 1

Statute text

Sections 18008, 18009, 18010, 18212, 18212.1, and 18214 do not apply to:

(a)Any bona fide loan of a principal amount of five thousand dollars ($5,000) or more, or to an industrial loan company in connection with any bona fide loan of a principal amount of five thousand dollars ($5,000) or more if the provisions of the section are not used for the purpose of evading this division.

(b)An amount due from a contingent guarantor on his or her obligations purchased under the provisions of this division.

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Legislative history

Amended by Stats. 1984, Ch. 68, Sec. 1. Effective April 5, 1984.