GroundRules
FIN § 18041
Where this section sits in the code
- Financial Code - FIN
- DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]
- CHAPTER 1. General Provisions [18000. - 18063.]
- ARTICLE 3. Real Property Held [18040. - 18043.]
(a) The commissioner may establish rules and regulations regarding the sale of any real property acquired pursuant to subdivision (a) or (b) of Section 18040, consistent with what constitutes sound business practices for industrial loan companies.
(b) Real property acquired pursuant to subdivision (a) or (b) of Section 18040 shall not be held for a longer period than five years without the written consent of the commissioner.
Collected 2026-09-14T05:56:33Z. Source file · JSON