Cal. Financial Code § 18206
Cal. Financial Code § 18206
California · California Financial Code · Status: effective · Effective 1998-01-01
Cite this
- Citation
- Cal. Financial Code § 18206, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815087
- Permanent ID
ys:prov:815087@1- SHA-256
ba5d395010c2804011a25f9f331a4f2fc05a08045ef7522d361415acec767e5d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Consumer loans made and obligations acquired that are secured by a motor vehicle and repayable other than in equal periodic payments during its term shall not exceed 50 percent of all consumer loans and obligations that are secured by motor vehicles or 20 percent of assets, whichever is less. This section shall not apply to a loan made to a graduate student while attending an accredited college or university and for the purpose of actively pursuing a study program leading to a postbaccalaureate degree.