Financial Code section 31409

No licensee shall, except with the prior approval of the commissioner, provide a lien or security interest in any of its property for the purpose of securing an obligation of, or an obligation incurred for the benefit of, any other person.

Source: Section 31409, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=31409. (accessed May 12, 2025).

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Last Updated

May 12, 2025

§ 31409’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_31409

Original Source: Section 31409, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=31409. (last accessed May 12, 2025).