California Financial Code
§ 31825
FIN § 31825Div. 15 · Ch. 12 · Art. 2
Statute text
View on leginfo.ca.govIt shall be unlawful for any licensee, directly or indirectly, to provide financing assistance to discharge, or to free other funds for use in discharging, in whole or in part, an obligation to any associate of such licensee; provided, however, that this section shall not apply to any transaction effected by an associate of a licensee in the normal course of such associate’s business involving a line of credit or short-term financing assistance.
Legislative history
Added by Stats. 1977, Ch. 1164.