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Code · California · Financial Code

§ 18207

62 words·~1 min read·/ca/financial-code/18207

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An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a single payment which includes principal and charges. In no event shall such loans have a term in excess of one year or be made for the purpose of evading or avoiding this division.
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