Cal. FIN § 21051

This is the official text of Cal. FIN § 21051, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.

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Official statutory text

(a) The limitations with respect to rates and charges set forth in Sections 21200 and 21200.5 do not apply to any loan of a bona fide principal amount of two thousand five hundred dollars ($2,500) or more if this section is not used for the purpose of evading this division.

(b) In determining whether a loan is a loan of the principal amount of two thousand five hundred dollars ($2,500), Section 22054 shall apply.

Status: in_force · Read it on the official government site

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