Statute · California Financial Code
Cal. Fin. Code § 18272 — Limitations and Regulations of Loans and Purchased Obligations
Cal. Fin. Code § 18272
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An industrial loan company shall diversify the loans and lease obligations it makes and other obligations it acquires, both as to the types of debtors and obligors, types of collateral, and as to terms and types of repayment schedules. The requirement for diversification notwithstanding, an…
Citator
Cal. Fin. Code § 18272 — 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 shall diversify the loans and lease obligations it makes and other obligations it acquires, both as to the types of debtors and obligors, types of collateral, and as to terms and types of repayment schedules. The requirement for diversification notwithstanding, an industrial loan company may specialize in its lending, leasing, and other authorized practices under this division. The commissioner may promulgate rules and regulations pursuant to this section.