California § 31824 - It shall be unlawful for any licensee or for any associate of a licensee, directl

Full text of California Public Contract Code - PCC § 31824 — It shall be unlawful for any licensee or for any associate of a licensee, directl, with citation guidance and answers to common questions.

§ 31824. It shall be unlawful for any licensee or for any associate of a licensee, directl

It shall be unlawful for any licensee or for any associate of a licensee, directly or indirectly, to borrow money from: (a) Any person to which such licensee has provided, or has committed to provide, financing assistance; (b) Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or (c) Any close relative of any person referred to in subdivision (b).

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 31824

What does Public Contract Code - PCC § 31824 cover?

Section 31824 ("It shall be unlawful for any licensee or for any associate of a licensee, directl") 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 § 31824?

A common citation format is "Public Contract Code - PCC § 31824" (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 § 31824 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.