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Earlier editions: 2020-112018-11

DIVISION 7. INDUSTRIAL LOAN COMPANIES 18000-18707›CHAPTER 1. General Provisions 18000-18063›ARTICLE 2. General Provisions 18020-18030

§ 18023.1

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

In addition to the borrowings under Section 18023, an industrial loan company may borrow funds from the Federal Home Loan Bank, the Federal Deposit Insurance Corporation, or a Federal Reserve Bank, which borrowed funds shall not be included in the borrowing limitations contained in Section 18023.

(Amended by Stats. 1998, Ch. 827, Sec. 6. Effective January 1, 1999.)

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