Code Section Group

Financial Code - FIN

DIVISION 8. PAWNBROKERS [21000 - 21307]

  ( Division 8 enacted by Stats. 1951, Ch. 364. )

CHAPTER 1. General Provisions [21000 - 21051]

  ( Chapter 1 enacted by Stats. 1951, Ch. 364. )

ARTICLE 2. Exceptions to This Division [21050 - 21051]
  ( Article 2 enacted by Stats. 1951, Ch. 364. )

21050.
  

This division does not apply to any of the following:

(a) Any corporation organized for the purpose of securing credit from any federal intermediate credit bank organized and existing pursuant to the provisions of an act of Congress entitled “Agricultural Credits Act of 1923.”

(b) Any nonprofit cooperative corporation or association with or without capital stock, organized or existing pursuant to Chapter 1 (commencing with Section 54001) of Division 20 of the Food and Agricultural Code.

(c) Any person, corporation, association, syndicate, joint stock company, or partnership, engaged exclusively in the business of marketing agricultural, horticultural, viticultural, dairy, livestock, poultry, and bee products on a cooperative nonprofit basis.

(Amended by Stats. 2006, Ch. 538, Sec. 175. Effective January 1, 2007.)

21051.
  

(a) The limitations with respect to rates and charges set forth in Sections 21200 and 21200.5 do not apply to any loan of a bona fide principal amount of two thousand five hundred dollars ($2,500) or more if this section is not used for the purpose of evading this division.

(b) In determining whether a loan is a loan of the principal amount of two thousand five hundred dollars ($2,500), Section 22054 shall apply.

(Amended by Stats. 1987, Ch. 576, Sec. 1.)

FINFinancial Code - FIN2.