DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 3. Loans and Purchased Obligations 18190-18303›ARTICLE 2. Terms and Maximum Charges 18205-18222
§ 18205
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
Except as otherwise provided for in this division, an industrial loan company shall not make any loan or purchase or discount any other obligation that provides for a repayment of principal over more than 120 months and 30 days.
(Amended by Stats. 1988, Ch. 427, Sec. 1.)
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