California Statutes
§ 18245. — 18245. (Added by Stats. 1998, Ch. 827, Sec. 11.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 3. CHAPTER 3. Loans and Purchased Obligations·Art. 4. ARTICLE 4. Credit Cards
(a)Subject to any regulations that the commissioner may issue, an industrial loan company may issue credit cards and may acquire or hold obligations resulting from the use of credit cards.
(b)Except as the commissioner may otherwise provide by regulation or order, the acquiring and holding of obligations pursuant to subdivision (a) are not subject to Article 2 (commencing with Section 18205) or Article 6.5 (commencing with Section 18300).
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California § 18245. (18245. (Added by Stats. 1998, Ch. 827, Sec. 11.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1998, Ch. 827, Sec. 11. Effective January 1, 1999.