{"code":"FIN","codeName":"Financial Code","section":"18269","citation":"Fin. Code, § 18269","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. 1989, Ch. 663, Sec. 7.   Operative January 1, 1991, by Sec. 20 of Ch. 663.","effective":null,"html":"<p>An industrial loan company that has investment certificates outstanding shall not make any loan secured primarily by improved real property in a principal amount in excess of 20 percent of the company’s unimpaired capital stock and surplus not available for dividends as provided in Section <a href=\"/fin/18319\">18319</a>. An industrial loan company that has investment certificates outstanding shall not make any loan secured primarily by unimproved real property in a principal amount in excess of 10 percent of the company’s unimpaired capital stock and surplus not available for dividends as provided in Section <a href=\"/fin/18319\">18319</a>.</p>","text":"An industrial loan company that has investment certificates outstanding shall not make any loan secured primarily by improved real property in a principal amount in excess of 20 percent of the company’s unimpaired capital stock and surplus not available for dividends as provided in Section 18319. An industrial loan company that has investment certificates outstanding shall not make any loan secured primarily by unimproved real property in a principal amount in excess of 10 percent of the company’s unimpaired capital stock and surplus not available for dividends as provided in Section 18319.","otherVersions":[],"url":"https://blackletter.si/financial-code/limitations-and-regulations-of-loans-and-purchased-18269","source":"California Legislative Information bulk export (pubinfo)"}