California · Financial Code

FIN §18296: An industrial loan company may collect the costs of insurance of the type defined by subdivision (a) of Section 12640.

What this law says, in plain English

An industrial loan company is permitted to collect insurance costs as defined in Section 12640(a).

Read the full statutory text
An industrial loan company may collect the costs of insurance of the type defined by subdivision (a) of Section 12640.02 of the Insurance Code. Costs authorized by this section are not included in the maximum charges which may be made under this division.

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