18190-18192

FINANCIAL CODE
SECTION 18190-18192




18190.  An industrial loan company may:
   (a) Loan money, secured or unsecured, with or without the pledge
of its installment investment certificates.
   (b) Collect and receive charges for loans in advance or otherwise.
   (c) Purchase, sell, or discount the following obligations: bona
fide trust receipts, secured or unsecured choses in action,
conditional sales contracts, or security agreements.
   (d) Purchase, sell, discount, or originate lease obligations.



18191.  Sections 18008, 18009, 18010, 18212, 18212.1, 18214, 18219,
18220, 18222, 18230 through 18234, 18290 through 18295, and 18439 do
not apply to:
   (a) Any bona fide loan of a principal amount of ten thousand
dollars ($10,000) or more or to an industrial loan company in
connection with any such loan if the provisions of the section are
not used for the purpose of evading this division.
   (b) An amount due from a contingent guarantor on his or her
obligations purchased under the provisions of this division.
   (c) A loan to a primary borrower who has pledged accounts
receivable or installment accounts to secure loans which taken in the
aggregate amount to ten thousand dollars ($10,000) or more.



18191.5.  Sections 18008, 18009, 18010, 18212, 18212.1, and 18214 do
not apply to:
   (a) Any bona fide loan of a principal amount of five thousand
dollars ($5,000) or more, or to an industrial loan company in
connection with any bona fide loan of a principal amount of five
thousand dollars ($5,000) or more if the provisions of the section
are not used for the purpose of evading this division.
   (b) An amount due from a contingent guarantor on his or her
obligations purchased under the provisions of this division.
   (c) A loan to a primary borrower who has pledged accounts
receivable or installment accounts to secure loans which taken in the
aggregate amount to five thousand dollars ($5,000) or more.



18192.  The payment of money, credit, goods, or things in action as
consideration for any sale or assignment of, or order for, the
payment of wages, salary, commissions, or other compensation for
services, whether earned or to be earned, is, for the purposes of
regulation under this division, a loan secured by such assignment,
and the amount by which the assigned compensation exceeds the amount
of consideration actually paid is interest and charges upon or for
such loan from the date of payment to the date the compensation is
payable. This section does not modify or affect existing statutes
governing wage assignments in this state, or authorize such
assignments.