California § 18221 - Nothing in this division shall prevent an industrial loan company from transactin
Full text of California Public Contract Code - PCC § 18221 — Nothing in this division shall prevent an industrial loan company from transactin, with citation guidance and answers to common questions.
§ 18221. Nothing in this division shall prevent an industrial loan company from transactin
Nothing in this division shall prevent an industrial loan company from transacting loan contracts with different borrowers and from contracting for and receiving, up to and including the highest rate of charge permitted by this division at the time of making said loans; provided, however, that if any person is obligated to and does pay more than one loan contract outstanding at the same time, the entire amount of charges paid by such person and received by the industrial loan company on such loan contracts, shall not exceed the maximum that would be permitted by this division if all such loan contracts so paid were combined into one loan transaction.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18221
What does Public Contract Code - PCC § 18221 cover?
Section 18221 ("Nothing in this division shall prevent an industrial loan company from transactin") 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 § 18221?
A common citation format is "Public Contract Code - PCC § 18221" (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 § 18221 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.