Financial Code section 22801

This division does not apply to any of the following:

(a)

A provider that is a depository institution.

(b)

A provider that is a lender regulated under the federal Farm Credit Act (12 U.S.C. Sec. 2001 et seq.).

(c)

A commercial financing transaction secured by real property.

(d)

A commercial financing transaction in which the recipient is a dealer, as defined by Section 285 of the Vehicle Code, or an affiliate of such a dealer, or a vehicle rental company, or an affiliate of such a company, pursuant to a specific commercial financing offer or commercial open-end credit plan of at least fifty thousand dollars ($50,000), including any commercial loan made pursuant to such a commercial financing transaction.

(e)

Any person who makes no more than one commercial financing transaction in California in a 12-month period or any person who makes five or fewer commercial financing transactions in California in a 12-month period that are incidental to the business of the person relying upon the exemption.

Source: Section 22801, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=22801.­ (updated Jan. 1, 2019; accessed Jun. 24, 2026).

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Verified:
Jun. 24, 2026

§ 22801's source at ca​.gov