California Statutes

§ 18206. — 18206. (Amended by Stats. 1997, Ch. 201, Sec. 2.)

California § 18206.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES
Ch. 3.CHAPTER 3. Loans and Purchased Obligations
Art. 2.ARTICLE 2. Terms and Maximum Charges

This text of California § 18206. (18206. (Amended by Stats. 1997, Ch. 201, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Financial Code - FIN Code § 18206. (2026).

Text

Consumer loans made and obligations acquired that are secured by a motor vehicle and repayable other than in equal periodic payments during its term shall not exceed 50 percent of all consumer loans and obligations that are secured by motor vehicles or 20 percent of assets, whichever is less. This section shall not apply to a loan made to a graduate student while attending an accredited college or university and for the purpose of actively pursuing a study program leading to a postbaccalaureate degree.

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Legislative History

Amended by Stats. 1997, Ch. 201, Sec. 2. Effective January 1, 1998.
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California § 18206., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18206..