Home/California/Statutes/Code FIN: Financial Code - FIN/Div. 7.: DIVISION 7. INDUSTRIAL LOAN COMPANIES/Ch. 6.: CHAPTER 6. Prohibited Practices and Penalties/§ 18438.
California Statutes

§ 18438. — 18438. (Amended by Stats. 1980, Ch. 418, Sec. 5.)

California § 18438.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES
Ch. 6.CHAPTER 6. Prohibited Practices and Penalties

This text of California § 18438. (18438. (Amended by Stats. 1980, Ch. 418, Sec. 5.)) 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 § 18438. (2026).

Text

If a loan is made or other thing is purchased or discounted in violation of Section 18271, 18272, 18273, 18274, or 18437, the officers, directors and shareholders of the industrial loan company, its holding company, or its affiliates participating therein or knowingly approving the same shall be personally liable for any loss suffered by the industrial loan company by reason thereof.

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Legislative History

Amended by Stats. 1980, Ch. 418, Sec. 5.
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California § 18438., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18438..