{"data":{"id":"us-ca/fin-18265","jurisdiction":"us-ca","citation":"FIN § 18265","heading":"","body":"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 more than 60 months and 15 days unless all of the following conditions are met:\n(a) The loan or other obligation is secured.\n(b) The property, or collateral securing the loan or other obligation, is of a kind or class that has been declared eligible by regulation of the commissioner.\n(c) The aggregate principal balance of such loans and other obligations outstanding with a remaining maturity of more than 60 months and 15 days at any time shall not exceed a percentage of the aggregate principal balance due on all loans and other obligations owing to the industrial loan company by rule of the commissioner.","path":["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.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"0051e08dc328659f909e9cb3d5700950f7cb27a8a06a6f877ef187f3c1abec89","source_id":"us-ca","stale":false,"prev":"us-ca/fin-18245","next":"us-ca/fin-18266"},"notice":"GroundRules: Original legal text. Not legal advice."}