California § 18231 - Each industrial loan company shall: (a) Deliver or cause to be delivered to the b
Full text of California Public Contract Code - PCC § 18231 — Each industrial loan company shall: (a) Deliver or cause to be delivered to the b, with citation guidance and answers to common questions.
§ 18231. Each industrial loan company shall: (a) Deliver or cause to be delivered to the b
Each industrial loan company shall: (a) Deliver or cause to be delivered to the borrowers, or any one thereof, at the time the loan is made, a written statement showing in clear and distinct terms the name and address of such company and the broker, if any. The statement shall show the date, amount, and maturity of the loan contract, how and when repayable, the nature of the security, if any, for the loan, and the agreed rate of charge. (b) Obtain from the borrower a signed statement as to whether any person has performed any act as a broker in connection with the making of the loan. If such statement discloses a broker or other person has participated, the company shall obtain a full statement of all sums paid or payable to the broker or other person. (c) Keep the statements required by this section for a period of two years from and after the date the loan has been paid in full, or has matured according to its terms, or has been charged off.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18231
What does Public Contract Code - PCC § 18231 cover?
Section 18231 ("Each industrial loan company shall: (a) Deliver or cause to be delivered to the b") 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 § 18231?
A common citation format is "Public Contract Code - PCC § 18231" (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 § 18231 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.