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DIVISION 4. REAL ESTATE 10000-11506›PART 1. LICENSING OF PERSONS 10000-10580›CHAPTER 3. Real Estate Regulations 10130-10249.93›ARTICLE 7. Real Property Loans 10240-10248.3

§ 10245

California Business and Professions Code · 2018-11 edition · updated 2026-10-04 · California

The provisions of this article, exclusive of the provisions of Sections 10240, 10240.3, 10242.5, and 10242.6, do not apply to any bona fide loan secured directly or collaterally by a first trust deed, the principal of which is thirty thousand dollars ($30,000) or more, or to any bona fide loan secured directly or collaterally by any lien junior thereto, the principal of which is twenty thousand dollars ($20,000) or more.

(Amended by Stats. 2007, Ch. 301, Sec. 4. Effective January 1, 2008.)

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California Business and Professions Code

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