California Financial Code

§ 18295

FIN § 18295Div. 7 · Ch. 3 · Art. 6

Statute text

An industrial loan company may collect the costs of title insurance for loans secured primarily by real property. The costs for such insurance may be collected if:

(1)The principal amount of the loan is at least one thousand dollars ($1,000);

(2)The loan is secured by a lien of a deed of trust or mortgage on real property which is the subject of such policy of title insurance;

…

Legislative history

Amended by Stats. 1983, Ch. 858, Sec. 24.