Ca_Law

statute | California

Financial Code - FIN - FIN § 31824

  • UIDca_leginfo_codes:fin-31824
  • CitationFinancial Code - FIN - FIN § 31824
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from: (a) Any person to which such licensee has provided, or has committed to provide, financing assistance; (b) Any director of, officer of, or person who owns a 10

Text

It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from:
(a)
Any person to which such licensee has provided, or has committed to provide, financing assistance;
(b)
Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or
(c)
Any close relative of any person referred to in subdivision (b).

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 31824

    It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from: (a) Any person to which such licensee has provided, or has committed to provide, financing assistance; (b) Any director of, officer of, or person who owns a 10 percent or greater equity interest …