Statute · California Financial Code
Cal. Fin. Code § 18438 — Prohibited Practices and Penalties
Cal. Fin. Code § 18438
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If a loan is made or other thing is purchased or discounted in violation of Section 18271, 18272, 18273, 18274, or 18437, the officers, directors and shareholders of the industrial loan company, its holding company, or its affiliates participating therein or knowingly approving the same shall be…
Citator
Cal. Fin. Code § 18438 — Prohibited Practices and Penalties is in force in the current edition of the Code, and nothing recorded condemns it.
If a loan is made or other thing is purchased or discounted in violation of Section 18271, 18272, 18273, 18274, or 18437, the officers, directors and shareholders of the industrial loan company, its holding company, or its affiliates participating therein or knowingly approving the same shall be personally liable for any loss suffered by the industrial loan company by reason thereof.