California Financial Code

§ 22330

FIN § 22330 Effective Jan 1, 2000Div. 9 · Ch. 2 · Art. 3

Statute text

No licensee shall take a deed of trust, mortgage, or lien upon real property as security for any loan made under this division, except any lien as is created by law upon the recording of an abstract of judgment. This section shall not apply to any loan of a bona fide principal amount of five thousand dollars ($5,000) or more as determined in accordance with Section 22251.

Legislative history

Amended by Stats. 1999, Ch. 347, Sec. 4. Effective January 1, 2000.