Fin. Code, § 31405 · Chapter 6. Transaction of Business
Fin. Code, § 31405
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Except as otherwise provided in subdivisions (b), (c), and (d) of Section 31406:
(a) No licensee shall provide financing assistance or management assistance to any business firm the primary business of which is to provide financing assistance or management assistance.
(b) No licensee shall provide financing assistance to any business firm for the purpose of providing financing assistance to other persons or discharging, in whole or in part, any obligation incurred for such purpose.
Notes and commentary — not statutory text
History
Amended by Stats. 1987, Ch. 867, Sec. 24.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=31405.
- Text hash
- sha256 b0c9204dd9332adf075337dd4619993eb048372ae76419c6f4c6867071b49ad6
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
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Financial Code
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