California Financial Code

§ 18207

FIN § 18207Div. 7 · Ch. 3 · Art. 2

Statute text

An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a single payment which includes principal and charges. In no event shall such loans have a term in excess of one year or be made for the purpose of evading or avoiding this division.

Legislative history

Repealed and added by Stats. 1976, Ch. 964.