California § 18245. 18245. (Added by Stats. 1998, Ch. 827, Sec. 11.)

California Statutes

§ 18245. — 18245. (Added by Stats. 1998, Ch. 827, Sec. 11.)

California § 18245.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES

Ch. 3.CHAPTER 3. Loans and Purchased Obligations

Art. 4.ARTICLE 4. Credit Cards

This text of California § 18245. (18245. (Added by Stats. 1998, Ch. 827, Sec. 11.)) 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 § 18245. (2026).

Text

(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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(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).

Legislative History

Added by Stats. 1998, Ch. 827, Sec. 11. Effective January 1, 1999.

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