California Statutes
§ 18006. — 18006. (Added by Stats. 1976, Ch. 964.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 1. CHAPTER 1. General Provisions·Art. 1. ARTICLE 1. Definitions
“Primarily secured by real property”, as used in this division, means the fair market value of the real property less prior encumbrances, at the time the loan is made or other obligation is acquired, is more than 50 percent of the principal amount owing on the loan or obligation.
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California § 18006. (18006. (Added by Stats. 1976, Ch. 964.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1976, Ch. 964.