reglab/housing_qa huggingface dataset:
CA Fin Code § 18325 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 4 - Investment Certificates|Section 18325.

18325.  (a) An industrial loan company shall not impose any charge on a periodic investment or thrift certificate, or on an investor in an account evidenced by such certificate, for the failure of an investor to invest, or for the late investment of, any agreed periodic installment investment into such an account. An industrial loan company shall pay interest on periodic investment or thrift certificates at the same rate of interest per annum as is paid on investment or thrift certificates as to which an investor has not agreed to make periodic installment investments.(b) As used in this section “periodic investment or thrift certificate” means an investment arrangement under which an investor undertakes to make periodic investments of a specified amount into one account, except, however, a periodic investment or thrift certificate shall not mean an impound account established for the purposes of the payment of taxes or other expenses and obligations in connection with a loan secured by real property, or a certificate of investment issued in connection with a loan pursuant to Section 18322.(Added by Stats. 1976, Ch. 964.)
CA Fin Code § 18435 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18435.

18435.  Except as otherwise provided in this division, any person who willfully violates any provision of this division, or who willfully violates any rule or order adopted pursuant to this division, shall, upon conviction, be punished by a fine of not more than ten thousand dollars ($10,000), by imprisonment in a county jail for not more than one year or pursuant to subdivision (h) of Section 1170 of the Penal Code, or by both that fine and imprisonment. However, no person may be imprisoned for the violation of any rule or order unless he or she had knowledge of the rule or order. Conviction under this section shall not preclude the commissioner from exercising the authority provided in Section 18349.5.(Amended by Stats. 2011, Ch. 15, Sec. 111. (AB 109) Effective April 4, 2011. Operative October 1, 2011, by Sec. 636 of Ch. 15, as amended by Stats. 2011, Ch. 39, Sec. 68.)
CA Fin Code § 18436 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18436.

18436.  An industrial loan company shall not, directly or indirectly, make any loan of money or property to or guarantee the obligation of any of its directors or officers, or officers and directors of its holding company, or officers and directors of its affiliates.(Amended by Stats. 1980, Ch. 418, Sec. 4.)
CA Fin Code § 18437 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18437.

18437.  (a) Except as provided in subdivision (b), an industrial loan company shall not make loans to, or purchase any obligations from, persons who do not reside or have a place of business in the State of California, unless those loans or obligations comply with all of the following conditions:(1) If the loan or obligation is unsecured, then only if the loan or obligation bears the unqualified written guaranty of a financially responsible person, considering the amount of the obligation, who resides or has a place of business in the State of California.(2) If the documents and security for the loan or obligation and all records relating to the transaction are in California at the time the loan or obligation is made or acquired and are thereafter kept in California while the loan or obligation remains unsatisfied, except that where the security is aircraft, the security need not be in California at the time the loan or obligation is made or acquired, nor need it thereafter be held in California while the loan or obligation remains unsatisfied.(b) Notwithstanding subdivision (a), an industrial loan company may make loans to, or purchase any obligations from, persons who do not reside or have a place of business in the State of California not to exceed 25 percent, in the aggregate, of an industrial loan company’s total assets. Upon application to and approval by the commissioner, an industrial loan company may increase its loans to, or purchases of obligations from, persons who do not reside or have a place of business in this state not to exceed 50 percent, in the aggregate, of an industrial loan company’s total assets. The application shall include all of the following information:(1) A description of the company’s proposed plan of business.(2) The character, business qualifications, and other experience of the proposed officers and managers directing the line of business for which authorization is requested.(3) Any other facts and circumstances bearing on the proposal that, as determined by the commissioner, may be relevant.(c) This section does not apply to loans made to, or acquired from, persons who do not reside or have a place of business in this state if all of the following conditions are met:(1) The loans are for the purchase or refinance of single- or multi-family residential property or nonresidential property.(2) The loans are salable in the secondary market as evidenced by commitments to buy by a buyer in the secondary market.(3) The loans are owned by the industrial loan company for 90 days or less.(Amended by Stats. 1999, Ch. 345, Sec. 4. Effective January 1, 2000.)
CA Fin Code § 18438 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18438.

18438.  If a loan is made or other thing is purchased or discounted in violation of Section 18271, 18272, 18273, 18274, or 18437, the officers, directors and shareholders of the industrial loan company, its holding company, or its affiliates participating therein or knowingly approving the same shall be personally liable for any loss suffered by the industrial loan company by reason thereof.(Amended by Stats. 1980, Ch. 418, Sec. 5.)
CA Fin Code § 18439 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18439.

18439.  If any amount in excess of the charges permitted by this division, including interest, is charged, contracted for, or received in the making or collection of a contract of loan, except as a result of an accidental and bona fide error in computation, such contract is void and no person has any right to collect or receive the principal, interest, or charges.(Added by Stats. 1976, Ch. 964.)
CA Fin Code § 18440 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18440.

18440.  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.(Added by Stats. 1976, Ch. 964.)
CA Fin Code § 18441 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18441.

18441.  No person in connection with or incidental to the making of any loan under this division, shall require the borrower to contract for, purchase, or agree to purchase anything in connection with the loan. A policy of insurance of the type specified in Article 6 (commencing with Section 18290) of Chapter 3 of this division is not prohibited by this section.No person shall require a borrower to enter into any collateral sales agreement or contract except as expressly permitted by this division.(Added by Stats. 1976, Ch. 964.)
CA Fin Code § 18442 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18442.

18442.  An industrial loan company shall not make any loan of money or property to or guarantee the obligation of any person upon the security of its capital (including the shares of capital stock) of the company, its holding company, or its affiliates.(Amended by Stats. 1989, Ch. 663, Sec. 18. Operative January 1, 1991, by Sec. 20 of Ch. 663.)
CA Fin Code § 18443 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18443.

18443.  If any loan or guaranty is made in violation of Section 18436 or 18442, the directors and officers who authorize it or assent thereto are jointly and severally liable to the company as guarantors for the repayment or return of the sum or value so loaned with interest thereon at the rate of 6 percent per year until paid.(Added by Stats. 1976, Ch. 964.)
CA Fin Code § 18444 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18444.

18444.  Any officer or director held liable under Section 18443, who satisfies such liability is entitled to contribution from any other officer or director who participates in authorizing, making or allowing any such loan or guaranty, and is subrogated to all rights of the corporation against the borrower or principal obligor.(Added by Stats. 1976, Ch. 964.)
CA Fin Code § 18445 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18445.

18445.  Any director, officer, or employee of an industrial loan company, its holding company, or its affiliates who asks for or receives, or consents or agrees to receive any commission, emolument, or gratuity or any money, property, or thing of value for procuring or endeavoring to procure for any person any loan from such company, or the purchase or discount of any note, contract, or other obligation or property by such company, is guilty of a felony.(Amended by Stats. 1980, Ch. 418, Sec. 7.)
CA Fin Code § 18446 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18446.

18446.  Any director, officer, or employee of an industrial loan company, its holding company, or its affiliates who knowingly receives or possesses himself of any of its property otherwise than in payment of a just demand, or with intent to defraud, omits to make or causes to be made a full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof, is guilty of a felony.(Amended by Stats. 1980, Ch. 418, Sec. 8.)
CA Fin Code § 18447 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18447.

18447.  Any director, officer, or employee of an industrial loan company, its holding company, or its affiliates who knowingly makes or concurs in making or publishing any false entry in its books or records, any written report, exhibit, or statement of its affairs or pecuniary condition containing any material statement which is false, or having the custody of its books, willfully refuses or neglects to make any proper entry in such books as required by law, or to exhibit or allow the same to be inspected or extracts to be taken therefrom by the commissioner or his deputies or investigators, is guilty of a felony.(Amended by Stats. 1980, Ch. 418, Sec. 9.)
CA Fin Code § 18448 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18448.

18448.  No director, officer, stockholder, or employee of an industrial loan company, its holding company, or its affiliates shall purchase, directly or indirectly, or be interested in the purchase of, any of the company’s assets for an amount less than the then current market value thereof and any such purchase may not be made without the express approval of the board of directors of the company. Title and possession of assets shall not be transferred to the purchaser until full consideration in cash has been received by the industrial loan company. Every person violating this section shall be liable to the company for twice the market value of the assets so purchased.(Amended by Stats. 1980, Ch. 418, Sec. 10.)
CA Fin Code § 18449 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18449.

18449.  Every director of an industrial loan company who:(a) In the case of the fraudulent insolvency of such company, shall have participated in such fraud; or(b) Willfully does any act as such director which is expressly forbidden by law or willfully omits to perform any duty imposed upon him as such director by law,is guilty of a misdemeanor.The insolvency of a company is deemed fraudulent for the purposes of this section, unless its affairs appear upon investigation to have been administered clearly, legally, and with the same care and diligence that agents receiving a compensation for their services are bound by law, to observe.(Added by Stats. 1976, Ch. 964.)
CA Fin Code § 18450 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18450.

18450.  A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who concurs in any vote or act by which it is intended to make a loan or purchase a contract in violation of this division, is guilty of a misdemeanor.(Amended by Stats. 1980, Ch. 418, Sec. 11.)
CA Fin Code § 18451 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18451.

18451.  A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who makes or maintains, or attempts to make or maintain, a deposit of such company’s funds with any other person on condition, or with the understanding, express or implied, that the person receiving such deposit make a loan or advance, directly or indirectly, to any director, officer, or employee of the company so making or maintaining or attempting to make or maintain such deposit, is guilty of a misdemeanor.(Amended by Stats. 1980, Ch. 418, Sec. 12.)
CA Fin Code § 18452 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18452.

18452.  Every officer or employee of an industrial loan company, its holding company, or its affiliates who sells investment or thrift certificates knowing that the company is insolvent, is guilty of a misdemeanor.(Amended by Stats. 1980, Ch. 418, Sec. 13.)
CA Fin Code § 18453 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18453.

18453.  Any person who knowingly sells investment certificates in violation of any provision of this division or any order or regulation of the commissioner, is guilty of a felony.(Added by Stats. 1976, Ch. 964.)
CA Fin Code § 18454 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18454.

18454.  Any director, officer, agent or employee of an industrial loan company, its holding company, or its affiliates who willfully makes a false or untrue entry in any book or record or in any report, tag, or statement of the business, affairs, or condition, or in connection with any transaction of such company, with intent to deceive any officer, director, or employee thereof, or any agent or examiner, private or official, employed or lawfully appointed to examine into its condition or any of its affairs or transactions, or to any public officer who has authority to examine into its affairs or transactions, or who, with like intent, willfully omits to make a new entry of any matter particularly pertaining to the business property condition, affairs, transactions, assets or accounts of such company in any book, record, report, statement, or tag of such company, or who, with like intent, alters, abstracts, conceals, or destroys any book, record, report, statement, or tag of such company made, written, or kept, or required to be made, written, or kept by him or under his direction, is guilty of a felony.(Amended by Stats. 1980, Ch. 418, Sec. 14.)
CA Fin Code § 18454.5 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18454.5.

18454.5.  It is unlawful for any person to willfully make any untrue statement of a material fact in any document filed with the commissioner under this division, or to willfully omit to state in any document any material fact which is required to be stated therein.(Added by Stats. 1988, Ch. 537, Sec. 2.)
CA Fin Code § 18456 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18456.

18456.  The provisions of this chapter shall be applicable to lease obligations.(Added by Stats. 1979, Ch. 911.)
CA Fin Code § 18457 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 6 - Prohibited Practices and Penalties|Section 18457.

18457.  Any officer, director, employee, or agent of any company who abstracts or willfully misapplies any of the money, funds, or property of the industrial loan company, or willfully misapplies its credit, is guilty of a felony. Upon conviction, the court shall, in addition to any other punishment imposed, order the person to make full restitution to the industrial loan company. Nothing in this section shall be deemed or construed to repeal, amend, or impair any existing provision of law prescribing a punishment for such an offense.(Added by Stats. 1990, Ch. 947, Sec. 5.)
CA Fin Code § 18650 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 9 - Interstate Acquisitions|Section 18650.

18650.  This chapter does not apply to any of the following transactions:(a) An acquisition of control of a California industrial loan company that requires the approval of the commissioner under Section 18138.(b) A sale or merger that requires the approval of the commissioner under Division 1.5 (commencing with Section 4800).(Added by Stats. 1995, Ch. 479, Sec. 6. Effective October 2, 1995.)
CA Fin Code § 18651 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 9 - Interstate Acquisitions|Section 18651.

18651.  Each application filed with the commissioner for an approval under this chapter shall be in the form, shall contain the information, shall be signed in the manner, and shall, if the commissioner requires by rule or order, be verified in the manner that the commissioner may by rule or order require.(Added by Stats. 1995, Ch. 479, Sec. 6. Effective October 2, 1995.)
CA Fin Code § 18652 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 9 - Interstate Acquisitions|Section 18652.

18652.  The fee for filing with the commissioner an application for an approval under this chapter is four hundred dollars ($400).(Added by Stats. 1995, Ch. 479, Sec. 6. Effective October 2, 1995.)
CA Fin Code § 18653 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 9 - Interstate Acquisitions|Section 18653.

18653.  (a) The definitions that are set forth in or are applicable to Section 44 of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831u) apply to this section.(b) This section does not apply unless each bank involved in an interstate merger transaction (including each insured depository institution that is an affiliate of the surviving, resulting, or purchasing bank) that is organized under the laws of this state or maintains a branch office in this state, is an industrial loan company (as defined in Section 4805.10).(c) The commissioner may approve an interstate merger transaction that is subject to Section 44(b)(2)(B) and (D)(ii) of the Federal Deposit Insurance Act (12 U.S.C. Sec. 1831u(b)(2)(B) and (D)(ii)) if the commissioner finds that the transaction is consistent with the public convenience and advantage in this state.(Amended by Stats. 1996, Ch. 887, Sec. 53. Effective September 25, 1996.)
CA Fin Code § 18654 (2021)
2021 California Code|Financial Code - FIN|DIVISION 7 - INDUSTRIAL LOAN COMPANIES|CHAPTER 9 - Interstate Acquisitions|Section 18654.

18654.  The commissioner is authorized to adopt rules to implement this chapter similar to regulations adopted under similar provisions of law contained in Chapter 21.5 (commencing with Section 3750) of Division 1, and for the same or similar reasons. The authority granted to the commissioner by this section is in addition to the authority granted to the commissioner under Section 18347.(Amended by Stats. 1996, Ch. 1064, Sec. 615. Effective January 1, 1997. Operative July 1, 1997.)
CA Fin Code § 21200 (2021)
2021 California Code|Financial Code - FIN|DIVISION 8 - PAWNBROKERS|CHAPTER 2 - Pawnbroker Regulations|Section 21200.

21200.  (a) Except as otherwise provided in this chapter, no pawnbroker shall charge or receive compensation at a rate exceeding the sum of the following:(1) Three percent per month on the unpaid principal balance of any loan.(2) A charge not exceeding three dollars ($3) a month on any loan when the monthly charge permitted by paragraph (1) would otherwise be less.(b) One month’s interest may be charged for any part of the month in which pawned property is redeemed.(Amended by Stats. 2015, Ch. 245, Sec. 1. (SB 285) Effective January 1, 2016.)
CA Fin Code § 21200.1 (2021)
2021 California Code|Financial Code - FIN|DIVISION 8 - PAWNBROKERS|CHAPTER 2 - Pawnbroker Regulations|Section 21200.1.

21200.1.  A loan setup fee of seven dollars and fifty cents ($7.50) or 3.5 percent, whichever is greater, may be charged for each loan. However, the maximum loan setup fee shall not exceed ninety dollars ($90). Loan setup fees are in addition to any other allowed charges.(Amended by Stats. 2019, Ch. 189, Sec. 1. (AB 1186) Effective January 1, 2020.)