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. (accessed May 19, 2025).

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Last Updated

May 12, 2025

§ 18207’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18207

Original Source: Section 18207, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18207. (last accessed May 12, 2025).