Statute · California Financial Code

Cal. Fin. Code § 18235 — Disclosure and Loan Documents

Cal. Fin. Code § 18235

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

An industrial loan company shall not take any note, promise to pay, or security agreement that does not accurately disclose the actual amount of the loan, the time for which it is made, and the agreed rate of charge, nor any instrument in which blanks are left to be filled in after execution.

Citator

Cal. Fin. Code § 18235 — Disclosure and Loan Documents is in force in the current edition of the Code, and nothing recorded condemns it.

An industrial loan company shall not take any note, promise to pay, or security agreement that does not accurately disclose the actual amount of the loan, the time for which it is made, and the agreed rate of charge, nor any instrument in which blanks are left to be filled in after execution.