{"code":"FIN","codeName":"Financial Code","section":"18265","citation":"Fin. Code, § 18265","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]","url":"https://blackletter.si/financial-code/division-7"},{"name":"CHAPTER 3. Loans and Purchased Obligations [18190. - 18303.]","url":"https://blackletter.si/financial-code/division-7/chapter-3"},{"name":"ARTICLE 5. Limitations and Regulations of Loans and Purchased Obligations [18265. - 18274.]","url":"https://blackletter.si/financial-code/division-7/chapter-3/article-5"}],"history":"Amended by Stats. 1983, Ch. 858, Sec. 21.","effective":null,"html":"<p>An industrial loan company that has investment certificates outstanding shall not make any loan or purchase or discount any other obligation with a maturity of more than 60 months and 15 days unless all of the following conditions are met:</p><p>(a) The loan or other obligation is secured.</p><p>(b) The property, or collateral securing the loan or other obligation, is of a kind or class that has been declared eligible by regulation of the commissioner.</p><p>(c) The aggregate principal balance of such loans and other obligations outstanding with a remaining maturity of more than 60 months and 15 days at any time shall not exceed a percentage of the aggregate principal balance due on all loans and other obligations owing to the industrial loan company by rule of the commissioner.</p>","text":"An industrial loan company that has investment certificates outstanding shall not make any loan or purchase or discount any other obligation with a maturity of more than 60 months and 15 days unless all of the following conditions are met: (a) The loan or other obligation is secured. (b) The property, or collateral securing the loan or other obligation, is of a kind or class that has been declared eligible by regulation of the commissioner. (c) The aggregate principal balance of such loans and other obligations outstanding with a remaining maturity of more than 60 months and 15 days at any time shall not exceed a percentage of the aggregate principal balance due on all loans and other obligations owing to the industrial loan company by rule of the commissioner.","otherVersions":[],"url":"https://blackletter.si/financial-code/limitations-and-regulations-of-loans-and-purchased-18265","source":"California Legislative Information bulk export (pubinfo)"}