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Current as of January 01, 2025 | Updated by Findlaw Staff
Sections 18008, 18009, 18010, 18212, 18212.1, and 18214 do not apply to:
(a) Any bona fide loan of a principal amount of five thousand dollars ($5,000) or more, or to an industrial loan company in connection with any bona fide loan of a principal amount of five thousand dollars ($5,000) or more if the provisions of the section are not used for the purpose of evading this division.
(b) An amount due from a contingent guarantor on his or her obligations purchased under the provisions of this division.
(c) A loan to a primary borrower who has pledged accounts receivable or installment accounts to secure loans which taken in the aggregate amount to five thousand dollars ($5,000) or more.
Cite this article: FindLaw.com - California Code, Financial Code - FIN § 18191.5 - last updated January 01, 2025 | https://codes.findlaw.com/ca/financial-code/fin-sect-18191-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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