DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 1. General Provisions 18000-18063›ARTICLE 4. Advertising 18055-18063

§ 18061

California Financial Code · 2020-11 edition · updated 2026-10-04 · California

If an industrial loan company refers in any advertisement to rates of charge, discount, charges or costs of loans, those charges shall be stated fully and clearly in a manner as may be necessary to prevent misunderstanding thereof by prospective borrowers and to give adequate information to prospective borrowers. If the rates or costs advertised do not apply to loans of all classes, this fact shall be clearly indicated in the advertisement.

(Amended by Stats. 1998, Ch. 827, Sec. 8. Effective January 1, 1999.)

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California Financial Code

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