Statute · California Financial Code
Cal. Fin. Code § 18274 — Limitations and Regulations of Loans and Purchased Obligations
Cal. Fin. Code § 18274
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The principal balances of loans made, or obligations purchased, by an industrial loan company that has investment certificates outstanding, which loans or obligations are secured by unimproved real property, shall not in the aggregate exceed 5 percent of the company’s assets unless the…
Citator
Cal. Fin. Code § 18274 — Limitations and Regulations of Loans and Purchased Obligations is in force in the current edition of the Code, and nothing recorded condemns it.
The principal balances of loans made, or obligations purchased, by an industrial loan company that has investment certificates outstanding, which loans or obligations are secured by unimproved real property, shall not in the aggregate exceed 5 percent of the company’s assets unless the commissioner consents to the taking of collateral to protect an existing jeopardized obligation.