California Code, Financial Code - FIN § 31408

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No licensee shall, except with the prior approval of the commissioner, guarantee the debt of any other person or otherwise lend its credit to any other person;  provided, however, that, whenever a licensee sells to another person an obligation to pay money, which obligation is owned by such licensee, such licensee may guarantee the payment of such obligation.

Cite this article: - California Code, Financial Code - FIN § 31408 - last updated January 01, 2019 |

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