California Financial Code

§ 21051

FIN § 21051Div. 8 · Ch. 1 · Art. 2

Statute text

(a)The limitations with respect to rates and charges set forth in Sections 21200 and 21200.5 do not apply to any loan of a bona fide principal amount of two thousand five hundred dollars ($2,500) or more if this section is not used for the purpose of evading this division.

(b)In determining whether a loan is a loan of the principal amount of two thousand five hundred dollars ($2,500), Section 22054 shall apply.

Legislative history

Amended by Stats. 1987, Ch. 576, Sec. 1.