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DIVISION 9. CALIFORNIA FINANCING LAW 22000-22780.1›CHAPTER 2. Consumer Loans 22200-22470›ARTICLE 3. Loan Regulations 22300-22347

§ 22331

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

No licensee shall take any confession of judgment or any power of attorney, except a power of attorney taken to effectuate the transfer of the ownership of any motor vehicle or mobilehome at the time of making the loan.

(Added by Stats. 1994, Ch. 1115, Sec. 2. Effective January 1, 1995. Operative July 1, 1995, by Sec. 5 of Ch. 1115.)

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California Financial Code

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