An industrial loan company shall not induce or permit any borrower to split up or divide any loan and thereby contract for or receive a higher rate of charge than would otherwise be permitted by this division.
(Added by Stats. 1976, Ch. 964.)
Fin. Code § 18219, under Terms and Maximum Charges.
Fin. Code § 18219
An industrial loan company shall not induce or permit any borrower to split up or divide any loan and thereby contract for or receive a higher rate of charge than would otherwise be permitted by this division.
(Added by Stats. 1976, Ch. 964.)