ARTICLE 5. Limitations and Regulations of Loans and Purchased Obligations [18265. - 18274.]
Article 5 added by Stats. 1976, Ch. 964.
§§ 18265–18274 · 11 sections
- § 18265 An industrial loan company that has investment certificates outstanding shall not make any loan or purchase or discount any other obligation with a maturity of…
- § 18266 (a) Except as set forth in subdivisions (b) and (c), any loan or obligation made or acquired by an industrial loan company that has investment certificates…
- § 18266.1 An industrial loan company may make loans and acquire obligations, the proceeds of which are used for home improvements that are secured by real property…
- § 18266.2 An industrial loan company shall file a written request for authorization to conduct business under Section 18266.1. The request shall include the following…
- § 18266.3 The commissioner shall approve the request made pursuant to Section 18266.2 within 30 days after filing unless the commissioner has ascertained that the…
- § 18268 An industrial loan company that has investment certificates outstanding shall not lend in the aggregate more than 5 percent of its capital stock and surplus…
- § 18269 An industrial loan company that has investment certificates outstanding shall not make any loan secured primarily by improved real property in a principal…
- § 18270 An industrial loan company may require the borrower to sign a contract of pledge, assignment, mortgage, security agreement, deed of trust, or trust receipt…
- § 18271 An industrial loan company that has investment certificates outstanding shall not make loans to, or hold the obligations of, any one person as primary obligor…
- § 18272 An industrial loan company shall diversify the loans and lease obligations it makes and other obligations it acquires, both as to the types of debtors and…
- § 18274 The principal balances of loans made, or obligations purchased, by an industrial loan company that has investment certificates outstanding, which loans or…