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Code · California · Financial Code

§ 18364

51 words·~1 min read·/ca/financial-code/18364

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After an order of suspending or limiting the payment of liabilities is effective and until that order is rescinded, the industrial loan company shall make no assignment or hypothecation of any indebtedness due to it from an investor without first crediting thereon the investment liability of the company to such investor-borrower.
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