Financial Code § 31410

CHAPTER 6. Transaction of Business

Current as of September 28, 2026Fin. Code, § 31410Official source ↗

Added by renumbering Section 31953 by Stats. 1987, Ch. 867, Sec. 31.

This section creates and authorizes an exempt class of persons pursuant to Section 1 of Article XV of the State Constitution. The restrictions upon rates of interest contained in Section 1 of Article XV of the State Constitution shall not apply to any loans made by, or forbearances of, any licensee. This section shall apply retroactively to any such loans or forbearances.