Today's Law As Amended

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SB-777 The California Finance Lenders Law: application.(2015-2016)



SECTION 1.

 Section 22050.5 is added to the Financial Code, to read:

22050.5.
 (a) This division does not apply to any person who makes one loan in a 12-month period if that loan is a commercial loan as defined in Section 22502.
(b) This section shall remain in effect only until January 1, 2022, and as of that date is repealed.