California Financial Code

§ 18208

FIN § 18208Div. 7 · Ch. 3 · Art. 2

Statute text

An industrial loan company may make a consumer loan in which the principal and charges are payable at any time during the loan, provided that the loan is secured at all times at least 100 percent by either investment certificates of an industrial loan company authorized to conduct business in the State of California under this division or traded securities.

Legislative history

Repealed and added by Stats. 1976, Ch. 964.