2020 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 3 - Loans and Purchased Obligations
ARTICLE 1 - General
An industrial loan company may:
(a) Loan money, secured or unsecured, with or without the pledge of its installment investment certificates.
(b) Collect and receive charges for loans in advance or otherwise.
(c) Purchase, sell, or discount the following obligations: bona fide trust receipts, secured or unsecured choses in action, conditional sales contracts, or security agreements.
(d) Purchase, sell, discount, or originate lease obligations.
(Amended by Stats. 1998, Ch. 827, Sec. 10. Effective January 1, 1999.)