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Cal. Financial Code § 18274

Cal. Financial Code § 18274

California · California Financial Code · Status: effective

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Cal. Financial Code § 18274, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815126
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The principal balances of loans made, or obligations purchased, by an industrial loan company that has investment certificates outstanding, which loans or obligations are secured by unimproved real property, shall not in the aggregate exceed 5 percent of the company’s assets unless the commissioner consents to the taking of collateral to protect an existing jeopardized obligation.