California Statutes
§ 18272. — 18272. (Amended by Stats. 1984, Ch. 873, Sec. 4.)
California·Code FIN Financial Code - FIN·Div. 7. DIVISION 7. INDUSTRIAL LOAN COMPANIES·Ch. 3. CHAPTER 3. Loans and Purchased Obligations·Art. 5. ARTICLE 5. Limitations and Regulations of Loans and Purchased Obligations
An industrial loan company shall diversify the loans and lease obligations it makes and other obligations it acquires, both as to the types of debtors and obligors, types of collateral, and as to terms and types of repayment schedules. The requirement for diversification notwithstanding, an industrial loan company may specialize in its lending, leasing, and other authorized practices under this division. The commissioner may promulgate rules and regulations pursuant to this section.
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California § 18272. (18272. (Amended by Stats. 1984, Ch. 873, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1984, Ch. 873, Sec. 4.