California Financial Code

§ 4995.2

FIN § 4995.2 Effective Jan 1, 2010Div. 1.10

Statute text

(a)This division shall apply to any licensed person who in bad faith attempts to avoid the application of this division by doing either of the following:

(1)Dividing any loan transaction into separate parts for the purpose and with the intent of evading the provisions of this division.

(2)Any other subterfuge.

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Legislative history

Added by Stats. 2009, Ch. 629, Sec. 4. (AB 260) Effective January 1, 2010.