Cal. Financial Code § 18440
Cal. Financial Code § 18440
California · California Financial Code · Status: effective
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- Citation
- Cal. Financial Code § 18440, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/815268
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Full text
An industrial loan company shall not take any confession of judgment or any power of attorney at the time of making the loan except a power of attorney taken to effectuate the transfer of the ownership of any motor vehicle, the transfer of the ownership of securities, or the cancellation of an insurance policy and the receipt and distribution of any unearned premiums in the event of default in the payment of a loan made to finance the purchase of any such insurance policy.