GroundRules
FIN § 18274
Where this section sits in the code
- Financial Code - FIN
- DIVISION 7. INDUSTRIAL LOAN COMPANIES [18000. - 18707.]
- CHAPTER 3. Loans and Purchased Obligations [18190. - 18303.]
- ARTICLE 5. Limitations and Regulations of Loans and Purchased Obligations [18265. - 18274.]
The principal balances of loans made, or obligations purchased, by an industrial loan company that has investment certificates outstanding, which loans or obligations are secured by unimproved real property, shall not in the aggregate exceed 5 percent of the company’s assets unless the commissioner consents to the taking of collateral to protect an existing jeopardized obligation.
Collected 2026-09-14T05:56:33Z. Source file · JSON