§ 18209
55 words·~1 min read·
/ca/financial-code/18209A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An industrial loan company may make loans, purchase or discount notes, mortgages, contracts or other commercial paper insured by the Federal Housing Administrator, Veterans Administration, other federal agency or an agency of the state. Loans so insured may be made for a term up to but not to exceed the maximum permitted by such agencies.