California § 18272 - An industrial loan company shall diversify the loans and lease obligations it mak
Full text of California Public Contract Code - PCC § 18272 — An industrial loan company shall diversify the loans and lease obligations it mak, with citation guidance and answers to common questions.
§ 18272. An industrial loan company shall diversify the loans and lease obligations it mak
An industrial loan company shall diversify the loans and lease obligations it makes and other obligations it acquires, both as to the types of debtors and obligors, types of collateral, and as to terms and types of repayment schedules. The requirement for diversification notwithstanding, an industrial loan company may specialize in its lending, leasing, and other authorized practices under this division. The commissioner may promulgate rules and regulations pursuant to this section.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 18272
What does Public Contract Code - PCC § 18272 cover?
Section 18272 ("An industrial loan company shall diversify the loans and lease obligations it mak") 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 § 18272?
A common citation format is "Public Contract Code - PCC § 18272" (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 § 18272 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.