Statute · California Financial Code
Cal. Fin. Code § 31824 — Conflicts of Interest
Cal. Fin. Code § 31824
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from:
Citator
Cal. Fin. Code § 31824 — Conflicts of Interest is in force in the current edition of the Code, and nothing recorded condemns it.
It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from:
(a) Any person to which such licensee has provided, or has committed to provide, financing assistance;
(b) Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or
(c) Any close relative of any person referred to in subdivision (b).