Financial Code section 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.

Source: Section 18207, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=18207.­ (updated Jan. 1, 1976; accessed Jun. 9, 2025).

Last Updated

Jan. 1, 1976

§ 18207’s source at ca​.gov