Business and Professions Code - BPC
DIVISION 4. REAL ESTATE [10000 - 11506]
( Division 4 added by Stats. 1943, Ch. 127. ) PART 1. LICENSING OF PERSONS [10000 - 10580]
( Part 1 added by Stats. 1943, Ch. 127. ) CHAPTER 3. Real Estate Regulations [10130 - 10249.93]
( Chapter 3 added by Stats. 1943, Ch. 127. ) ARTICLE 7. Real Property Loans [10240 - 10248.3]
( Article 7 added by Stats. 1961, Ch. 886. ) 10245.
The provisions of this article, exclusive of the provisions of Sections 10240, 10240.3, 10242.5, and 10242.6, do not apply to any bona fide loan secured directly or collaterally by a first trust deed, the principal of which is thirty thousand dollars ($30,000) or more, or to any bona fide loan secured directly or collaterally by any lien junior thereto, the principal of which is twenty thousand dollars ($20,000) or more.
(Amended by Stats. 2007, Ch. 301, Sec. 4. Effective January 1, 2008.)