§ 18245
70 words·~1 min read·
/ca/financial-code/18245A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Subject to any regulations that the commissioner may issue, an industrial loan company may issue credit cards and may acquire or hold obligations resulting from the use of credit cards.
(b)Except as the commissioner may otherwise provide by regulation or order, the acquiring and holding of obligations pursuant to subdivision
(a)are not subject to Article 2 (commencing with Section 18205) or Article 6.5 (commencing with Section 18300).