California Statutes
§ 18191.5. — 18191.5. (Amended by Stats. 1984, Ch. 68, Sec. 1.)
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
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.
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California § 18191.5. (18191.5. (Amended by Stats. 1984, Ch. 68, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1984, Ch. 68, Sec. 1. Effective April 5, 1984.