California Financial Code ARTICLE 5 - Limitations and Regulations of Loans and Purchased Obligations

  • Section 18265.
    An industrial loan company that has investment certificates outstanding shall not make any loan or purchase or discount any other obligation with a maturity of...
  • Section 18266.
    (a) Except as set forth in subdivisions (b) and (c), any loan or obligation made or acquired by an industrial loan company that has investment certificates...
  • Section 18266.1.
    An industrial loan company may make loans and acquire obligations, the proceeds of which are used for home improvements that are secured by real property...
  • Section 18266.2.
    An industrial loan company shall file a written request for authorization to conduct business under Section 18266.1. The request shall include the following information:(a) A description...
  • Section 18266.3.
    The commissioner shall approve the request made pursuant to Section 18266.2 within 30 days after filing unless the commissioner has ascertained that the company has...
  • Section 18268.
    An industrial loan company that has investment certificates outstanding shall not lend in the aggregate more than 5 percent of its capital stock and surplus...
  • Section 18269.
    An industrial loan company that has investment certificates outstanding shall not make any loan secured primarily by improved real property in a principal amount in...
  • Section 18270.
    An industrial loan company may require the borrower to sign a contract of pledge, assignment, mortgage, security agreement, deed of trust, or trust receipt relating...
  • Section 18271.
    An industrial loan company that has investment certificates outstanding shall not make loans to, or hold the obligations of, any one person as primary obligor...
  • Section 18272.
    An industrial loan company shall diversify the loans and lease obligations it makes and other obligations it acquires, both as to the types of debtors...
  • Section 18274.
    The principal balances of loans made, or obligations purchased, by an industrial loan company that has investment certificates outstanding, which loans or obligations are secured...

Last modified: October 22, 2018