GroundRules
FIN § 18006
Where this section sits in the code
- Financial Code - FIN
- DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]
- CHAPTER 1. General Provisions [18000. - 18063.]
- ARTICLE 1. Definitions [18000. - 18019.]
“Primarily secured by real property”, as used in this division, means the fair market value of the real property less prior encumbrances, at the time the loan is made or other obligation is acquired, is more than 50 percent of the principal amount owing on the loan or obligation.
Collected 2026-09-14T05:56:33Z. Source file · JSON