California Financial Code

§ 18209

FIN § 18209Div. 7 · Ch. 3 · Art. 2

Statute text

An industrial loan company may make loans, purchase or discount notes, mortgages, contracts or other commercial paper insured by the Federal Housing Administrator, Veterans Administration, other federal agency or an agency of the state. Loans so insured may be made for a term up to but not to exceed the maximum permitted by such agencies.

Legislative history

Repealed and added by Stats. 1976, Ch. 964.