California § 18440. 18440. (Added by Stats. 1976, Ch. 964.)

California Statutes

§ 18440. — 18440. (Added by Stats. 1976, Ch. 964.)

California § 18440.

Code FINFinancial Code - FIN

Div. 7.DIVISION 7. INDUSTRIAL LOAN COMPANIES

Ch. 6.CHAPTER 6. Prohibited Practices and Penalties

This text of California § 18440. (18440. (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 § 18440. (2026).

Text

An industrial loan company shall not take any confession of judgment or any power of attorney at the time of making the loan except a power of attorney taken to effectuate the transfer of the ownership of any motor vehicle, the transfer of the ownership of securities, or the cancellation of an insurance policy and the receipt and distribution of any unearned premiums in the event of default in the payment of a loan made to finance the purchase of any such insurance policy.

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An industrial loan company shall not take any confession of judgment or any power of attorney at the time of making the loan except a power of attorney taken to effectuate the transfer of the ownership of any motor vehicle, the transfer of the ownership of securities, or the cancellation of an insurance policy and the receipt and distribution of any unearned premiums in the event of default in the payment of a loan made to finance the purchase of any such insurance policy.

Legislative History

Added by Stats. 1976, Ch. 964.

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California § 18440., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/18440..