Financial Code § 18190

ARTICLE 1. General

Current as of September 28, 2026Fin. Code, § 18190Official source ↗

Amended by Stats. 1998, Ch. 827, Sec. 10. Effective January 1, 1999.

An industrial loan company may:

(a) Loan money, secured or unsecured, with or without the pledge of its installment investment certificates.

(b) Collect and receive charges for loans in advance or otherwise.

(c) Purchase, sell, or discount the following obligations: bona fide trust receipts, secured or unsecured choses in action, conditional sales contracts, or security agreements.

(d) Purchase, sell, discount, or originate lease obligations.