Financial Code - FIN
DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000 - 18707]
( Division 7 repealed and added by Stats. 1976, Ch. 964. ) CHAPTER 3. Loans and Purchased Obligations [18190 - 18303]
( Chapter 3 added by Stats. 1976, Ch. 964. ) ARTICLE 2. Terms and Maximum Charges [18205 - 18222]
( Article 2 added by Stats. 1976, Ch. 964. ) 18207.
An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a single payment which includes principal and charges. In no event shall such loans have a term in excess of one year or be made for the purpose of evading or avoiding this division.
(Repealed and added by Stats. 1976, Ch. 964.)