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2020 California Code
Financial Code - FIN
DIVISION 7 - INDUSTRIAL LOAN COMPANIES
CHAPTER 3 - Loans and Purchased Obligations
ARTICLE 2 - Terms and Maximum Charges
Section 18208.
Universal Citation: CA Fin Code § 18208 (2020)
18208.
An industrial loan company may make a consumer loan in which the principal and charges are payable at any time during the loan, provided that the loan is secured at all times at least 100 percent by either investment certificates of an industrial loan company authorized to conduct business in the State of California under this division or traded securities.
(Repealed and added by Stats. 1976, Ch. 964.)
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