Financial Code section 18220

An industrial loan company shall not induce any spouses, jointly or severally, to become obligated, directly or contingently or both, under more than one contract of loan at the same time, with the result of obtaining a higher rate of charge than would otherwise be permitted by this division.

Source: Section 18220, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18220. (updated Jan. 1, 2017; accessed Jun. 9, 2025).

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Last Updated

Jan. 1, 2017

§ 18220’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_18220

Original Source: Section 18220, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=18220. (last accessed May 12, 2025).