{"code":"FIN","codeName":"Financial Code","section":"31824","citation":"Fin. Code, § 31824","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]","url":"https://blackletter.si/financial-code/division-15"},{"name":"CHAPTER 12. Crimes and Criminal Penalties [31800. - 31881.]","url":"https://blackletter.si/financial-code/division-15/chapter-12"},{"name":"ARTICLE 2. Conflicts of Interest [31820. - 31829.]","url":"https://blackletter.si/financial-code/division-15/chapter-12/article-2"}],"history":"Added by Stats. 1977, Ch. 1164.","effective":null,"html":"<p>It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from:</p><p>(a) Any person to which such licensee has provided, or has committed to provide, financing assistance;</p><p>(b) Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or</p><p>(c) Any close relative of any person referred to in subdivision (b).</p>","text":"It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from: (a) Any person to which such licensee has provided, or has committed to provide, financing assistance; (b) Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or (c) Any close relative of any person referred to in subdivision (b).","otherVersions":[],"url":"https://blackletter.si/financial-code/conflicts-of-interest-31824","source":"California Legislative Information bulk export (pubinfo)"}