DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 3. Loans and Purchased Obligations 18190-18303›ARTICLE 2. Terms and Maximum Charges 18205-18222
§ 18207
California Financial Code · 2018-11 edition · updated 2026-10-04 · California
An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a single payment which includes principal and charges. In no event shall such loans have a term in excess of one year or be made for the purpose of evading or avoiding this division.
(Repealed and added by Stats. 1976, Ch. 964.)
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