Home/California/Statutes/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/§ 18274.
California Statutes

§ 18274. — 18274. (Amended by Stats. 1986, Ch. 296, Sec. 4.)

California § 18274.
JurisdictionCalifornia
Code FINFinancial 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

This text of California § 18274. (18274. (Amended by Stats. 1986, Ch. 296, Sec. 4.)) 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.

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Cal. Financial Code - FIN Code § 18274. (2026).

Text

The principal balances of loans made, or obligations purchased, by an industrial loan company that has investment certificates outstanding, which loans or obligations are secured by unimproved real property, shall not in the aggregate exceed 5 percent of the company’s assets unless the commissioner consents to the taking of collateral to protect an existing jeopardized obligation.

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Legislative History

Amended by Stats. 1986, Ch. 296, Sec. 4.
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California § 18274., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18274..