§ 18191.5. — 18191.5. (Amended by Stats. 1984, Ch. 68, Sec. 1.)

California § 18191.5.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 7.: DIVISION 7. INDUSTRIAL LOAN COMPANIES
• Ch. 3.: CHAPTER 3. Loans and Purchased Obligations
• Art. 1.: ARTICLE 1. General

Text

Sections 18008, 18009, 18010, 18212, 18212.1, and 18214 do not apply to:
(a)
Any bona fide loan of a principal amount of five thousand dollars ($5,000) or more, or to an industrial loan company in connection with any bona fide loan of a principal amount of five thousand dollars ($5,000) or more if the provisions of the section are not used for the purpose of evading this division.
(b)
An amount due from a contingent guarantor on his or her obligations purchased under the provisions of this
division.
(c)
A loan to a primary borrower who has pledged accounts receivable or installment accounts to secure loans which taken in the aggregate amount to five thousand dollars ($5,000) or more.

Legislative History

Amended by Stats. 1984, Ch. 68, Sec. 1. Effective April 5, 1984.