California · Financial Code
FIN §18450: A director, officer, or employee of an industrial loan company, its holding company, or its affiliates who concurs in any vote or act by which it is intended to make a loan or purchase a contract in v
What this law says, in plain English
A director, officer, or employee of an industrial loan company who votes for or participates in making a loan or purchasing a contract in violation of lending regulations commits a misdemeanor.
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