Statute · California Financial Code
Cal. Fin. Code § 18266.1 — Limitations and Regulations of Loans and Purchased Obligations
Cal. Fin. Code § 18266.1
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1999-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An industrial loan company may make loans and acquire obligations, the proceeds of which are used for home improvements that are secured by real property having a market value of at least 100 percent of the principal amount owing on the loan being made by the industrial loan company or…
Citator
Cal. Fin. Code § 18266.1 — Limitations and Regulations of Loans and Purchased Obligations is in force in the current edition of the Code, and nothing recorded condemns it.
An industrial loan company may make loans and acquire obligations, the proceeds of which are used for home improvements that are secured by real property having a market value of at least 100 percent of the principal amount owing on the loan being made by the industrial loan company or obligation being acquired by the industrial loan company and on prior encumbrances, except nondelinquent tax liens, secured by the same real property. Home improvements means additions, alterations, or modifications to owner-occupied property consisting of one to four dwelling units and appurtenant buildings thereto or to the real property containing same.