Financial Code § 18436

CHAPTER 6. Prohibited Practices and Penalties

Current as of September 28, 2026Fin. Code, § 18436Official source ↗

Amended by Stats. 1980, Ch. 418, Sec. 4.

An industrial loan company shall not, directly or indirectly, make any loan of money or property to or guarantee the obligation of any of its directors or officers, or officers and directors of its holding company, or officers and directors of its affiliates.