BlackletterCalifornia law

Financial Code § 31825

ARTICLE 2. Conflicts of Interest

Current as of September 28, 2026Fin. Code, § 31825Official source ↗

Added by Stats. 1977, Ch. 1164.

It shall be unlawful for any licensee, directly or indirectly, to provide financing assistance to discharge, or to free other funds for use in discharging, in whole or in part, an obligation to any associate of such licensee; provided, however, that this section shall not apply to any transaction effected by an associate of a licensee in the normal course of such associate’s business involving a line of credit or short-term financing assistance.