Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 7.: DIVISION 7. INDUSTRIAL LOAN COMPANIES/Ch. 3.: CHAPTER 3. Loans and Purchased Obligations/Art. 6.: ARTICLE 6. Insurance Sold With Loans/§ 18294.
California Statutes

§ 18294. — 18294. (Added by Stats. 1976, Ch. 964.)

California § 18294.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES
Ch. 3.CHAPTER 3. Loans and Purchased Obligations
Art. 6.ARTICLE 6. Insurance Sold With Loans

This text of California § 18294. (18294. (Added by Stats. 1976, Ch. 964.)) 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 § 18294. (2026).

Text

An industrial loan company may collect the costs for insurance of tangible personal or real property offered as security for a loan, reasonably insured against loss for a reasonable term considering the circumstances of the loan, when the policy of insurance is made payable to the borrower or any member of his family, even though the customary mortgagee clause is attached, and if the insurance is sold at standard rates through duly licensed insurance agents.

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Legislative History

Added by Stats. 1976, Ch. 964.
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California § 18294., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18294..