ARTICLE 2. Terms and Maximum Charges [18205. - 18222.]
Article 2 added by Stats. 1976, Ch. 964.
§§ 18205–18222 · 22 sections
- § 18205 Except as otherwise provided for in this division, an industrial loan company shall not make any loan or purchase or discount any other obligation that…
- § 18205.5 Notwithstanding any other provision of this division, an industrial loan company may make a loan or acquire an obligation that is repayable in unequal periodic…
- § 18206 Consumer loans made and obligations acquired that are secured by a motor vehicle and repayable other than in equal periodic payments during its term shall not…
- § 18207 An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a…
- § 18208 An industrial loan company may make a consumer loan in which the principal and charges are payable at any time during the loan, provided that the loan is…
- § 18209 An industrial loan company may make loans, purchase or discount notes, mortgages, contracts or other commercial paper insured by the Federal Housing…
- § 18210 (a) Except as provided in Sections 18205.5 and 18209 and subject to subdivisions (b) and (c), an industrial loan company shall not make any loan or purchase or…
- § 18211 No charge shall be collected unless a loan is made, except that an industrial loan company may charge, contract for, and receive a fee in connection with…
- § 18212 (a) The charges by an industrial loan company, broker, and all other persons on any loan, forbearance of money, credit, goods, or things in action under this…
- § 18212.1 As an alternative to the charges authorized by Section 18212 a licensee may contract for and receive charges at a rate not exceeding five-sixths of 1 percent…
- § 18212.2 In addition to the charges authorized by Section 18212 or 18212.1 an industrial loan company may contract for and receive an administrative fee, which shall be…
- § 18213 Notwithstanding any other provision of law not within this division, industrial loan companies making loans pursuant to this division may not precompute…
- § 18214 For the purpose of computing the charges set forth in this article, a month is any period of 30 consecutive days.
- § 18215 An industrial loan company may contract for, collect, and receive at the time of making the loan or at any time thereafter, any of the following: (a) Any cost…
- § 18216 (a) Notwithstanding Section 18211, an appraisal fee may be charged to an applicant or borrower by an industrial loan company in connection with an application…
- § 18217 An escrow fee of a reasonable amount may be charged for any loan made which is secured primarily by real property when such services are actually performed.…
- § 18218 Notwithstanding any other provision of this division, an industrial loan company, in the collection of a delinquent loan of an unpaid principal balance, may do…
- § 18218.5 With respect to a loan under this division, a fee not to exceed fifteen dollars ($15) for return by a depository institution of a dishonored check, negotiable…
- § 18219 An industrial loan company shall not induce or permit any borrower to split up or divide any loan and thereby contract for or receive a higher rate of charge…
- § 18220 An industrial loan company shall not induce any spouses, jointly or severally, to become obligated, directly or contingently or both, under more than one…
- § 18221 Nothing in this division shall prevent an industrial loan company from transacting loan contracts with different borrowers and from contracting for and…
- § 18222 An industrial loan company shall permit payment to be made in advance in any amount on any contract of loan at any time. The industrial loan company shall…