Statute · California Financial Code

Cal. Fin. Code § 18207 — Terms and Maximum Charges

Cal. Fin. Code § 18207

Type
Statute
Source
California Financial Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a single payment which includes principal and charges. In no event shall such loans have a term in excess of one year or be made for the…

Citator

Cal. Fin. Code § 18207 — Terms and Maximum Charges is in force in the current edition of the Code, and nothing recorded condemns it.

An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a single payment which includes principal and charges. In no event shall such loans have a term in excess of one year or be made for the purpose of evading or avoiding this division.