California Financial Code

§ 18220

FIN § 18220 Effective Jan 1, 2017Div. 7 · Ch. 3 · Art. 2

Statute text

An industrial loan company shall not induce any spouses, jointly or severally, to become obligated, directly or contingently or both, under more than one contract of loan at the same time, with the result of obtaining a higher rate of charge than would otherwise be permitted by this division.

Legislative history

Amended by Stats. 2016, Ch. 50, Sec. 38. (SB 1005) Effective January 1, 2017.