California Financial Code CHAPTER 6 - Prohibited Practices and Penalties

• Section 18435.
  Except as otherwise provided in this division, any person who willfully violates any provision of this division, or who willfully violates any rule or order...
• Section 18436.
  An industrial loan company shall not, directly or indirectly, make any loan of money or property to or guarantee the obligation of any of its...
• Section 18437.
  (a) Except as provided in subdivision (b), an industrial loan company shall not make loans to, or purchase any obligations from, persons who do not reside...
• Section 18438.
  If a loan is made or other thing is purchased or discounted in violation of Section 18271, 18272, 18273, 18274, or 18437, the officers, directors...
• Section 18439.
  If any amount in excess of the charges permitted by this division, including interest, is charged, contracted for, or received in the making or collection...
• Section 18440.
  An industrial loan company shall not take any confession of judgment or any power of attorney at the time of making the loan except a...
• Section 18441.
  No person in connection with or incidental to the making of any loan under this division, shall require the borrower to contract for, purchase, or...
• Section 18442.
  An industrial loan company shall not make any loan of money or property to or guarantee the obligation of any person upon the security of...
• Section 18443.
  If any loan or guaranty is made in violation of Section 18436 or 18442, the directors and officers who authorize it or assent thereto are...
• Section 18444.
  Any officer or director held liable under Section 18443, who satisfies such liability is entitled to contribution from any other officer or director who participates...
• Section 18445.
  Any director, officer, or employee of an industrial loan company, its holding company, or its affiliates who asks for or receives, or consents or agrees...
• Section 18446.
  Any director, officer, or employee of an industrial loan company, its holding company, or its affiliates who knowingly receives or possesses himself of any of...
• Section 18447.
  Any director, officer, or employee of an industrial loan company, its holding company, or its affiliates who knowingly makes or concurs in making or publishing...
• Section 18448.
  No director, officer, stockholder, or employee of an industrial loan company, its holding company, or its affiliates shall purchase, directly or indirectly, or be interested...
• Section 18449.
  Every director of an industrial loan company who:(a) In the case of the fraudulent insolvency of such company, shall have participated in such fraud; or(b) Willfully does...
• Section 18450.
  A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who concurs in any vote or act by which...
• Section 18451.
  A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who makes or maintains, or attempts to make or...
• Section 18452.
  Every officer or employee of an industrial loan company, its holding company, or its affiliates who sells investment or thrift certificates knowing that the company...
• Section 18453.
  Any person who knowingly sells investment certificates in violation of any provision of this division or any order or regulation of the commissioner, is guilty...
• Section 18454.
  Any director, officer, agent or employee of an industrial loan company, its holding company, or its affiliates who willfully makes a false or untrue entry...
• Section 18454.5.
  It is unlawful for any person to willfully make any untrue statement of a material fact in any document filed with the commissioner under this...
• Section 18455.
  An industrial loan company shall not, directly or indirectly, make any loan to, or purchase a contract, loan, or chose in action from, hold a...
• Section 18456.
  The provisions of this chapter shall be applicable to lease obligations.(Added by Stats. 1979, Ch. 911.)
• Section 18457.
  Any officer, director, employee, or agent of any company who abstracts or willfully misapplies any of the money, funds, or property of the industrial loan...

Last modified: October 22, 2018