{"code":"BPC","codeName":"Business and Professions Code","section":"10245","citation":"Bus. & Prof. Code, § 10245","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 4. REAL ESTATE [10000. - 11506.]","url":"https://blackletter.si/business-and-professions-code/division-4"},{"name":"PART 1. LICENSING OF PERSONS [10000. - 10580.]","url":"https://blackletter.si/business-and-professions-code/division-4/part-1"},{"name":"CHAPTER 3. Real Estate Regulations [10130. - 10249.93.]","url":"https://blackletter.si/business-and-professions-code/division-4/part-1/chapter-3"},{"name":"ARTICLE 7. Real Property Loans [10240. - 10248.3.]","url":"https://blackletter.si/business-and-professions-code/division-4/part-1/chapter-3/article-7"}],"history":"Amended by Stats. 2007, Ch. 301, Sec. 4.   Effective January 1, 2008.","effective":"2008-01-01","html":"<p>The provisions of this article, exclusive of the provisions of Sections <a href=\"/bpc/10240\">10240</a>, <a href=\"/bpc/10240.3\">10240.3</a>, <a href=\"/bpc/10242.5\">10242.5</a>, and <a href=\"/bpc/10242.6\">10242.6</a>, do not apply to any bona fide loan secured directly or collaterally by a first trust deed, the principal of which is thirty thousand dollars ($30,000) or more, or to any bona fide loan secured directly or collaterally by any lien junior thereto, the principal of which is twenty thousand dollars ($20,000) or more.</p>","text":"The provisions of this article, exclusive of the provisions of Sections 10240, 10240.3, 10242.5, and 10242.6, do not apply to any bona fide loan secured directly or collaterally by a first trust deed, the principal of which is thirty thousand dollars ($30,000) or more, or to any bona fide loan secured directly or collaterally by any lien junior thereto, the principal of which is twenty thousand dollars ($20,000) or more.","otherVersions":[],"url":"https://blackletter.si/business-and-professions-code/real-property-loans-10245","source":"California Legislative Information bulk export (pubinfo)"}