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2019 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 3 - Loans and Purchased Obligations
ARTICLE 2 - Terms and Maximum Charges
Section 18207.
Universal Citation: CA Fin Code § 18207 (2019)
18207.
An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a single payment which includes principal and charges. In no event shall such loans have a term in excess of one year or be made for the purpose of evading or avoiding this division.
(Repealed and added by Stats. 1976, Ch. 964.)
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