California § 18206 - Consumer loans made and obligations acquired that are secured by a motor vehicle
Full text of California Public Contract Code - PCC § 18206 — Consumer loans made and obligations acquired that are secured by a motor vehicle, with citation guidance and answers to common questions.
§ 18206. Consumer loans made and obligations acquired that are secured by a motor vehicle
Consumer loans made and obligations acquired that are secured by a motor vehicle and repayable other than in equal periodic payments during its term shall not exceed 50 percent of all consumer loans and obligations that are secured by motor vehicles or 20 percent of assets, whichever is less. This section shall not apply to a loan made to a graduate student while attending an accredited college or university and for the purpose of actively pursuing a study program leading to a postbaccalaureate degree.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18206
What does Public Contract Code - PCC § 18206 cover?
Section 18206 ("Consumer loans made and obligations acquired that are secured by a motor vehicle") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 18206?
A common citation format is "Public Contract Code - PCC § 18206" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 18206 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.