Cal. Code Regs. tit. 10 § 1570

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 1570 - Exceptions to Rules

(a) The following rules shall not apply to any consumer loan of a bona fide principal amount of $10,000 or more or to a finance company in connection with any such loan provided the provisions of this section are not used for the purpose of evading the law or these rules: Sections 1433, 1434, 1445, 1447, 1448, 1449, 1450, 1453 to 1457, 1459, 1478, 1486 to 1495, 1497, 1498, 1510 to 1517, 1525 and 1535 to 1542.

(b) The following rules shall not apply to any commercial loan of a bona fide principal loan amount of $5,000 or more or to a finance company in connection with any such loan provided the provisions of this section are not used for the purpose of evading the law or those rules: Sections 1458, 1496, and the sections enumerated in subsection (a) of this rule.

Cal. Code Regs. Tit. 10, § 1570

1. Amendment filed 12-3-81; effective thirtieth day thereafter (Register 81, No. 49).
2. Amendment filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
3. Amendment filed 2-21-85; effective thirtieth day thereafter (Register 85, No. 8).
4. Change without regulatory effect amending subsection (a), repealing and adding new subsection (b) and amending NOTE filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).
5. Amendment filed 8-4-98; operative 9-3-98 (Register 98, No. 32).

Note: Authority cited: Section 22150, Financial Code. Reference: Sections 22150, 22250, 22550 and 22500, Financial Code.

1. Amendment filed 12-3-81; effective thirtieth day thereafter (Register 81, No. 49).
2. Amendment filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
3. Amendment filed 2-21-85; effective thirtieth day thereafter (register 85, No. 8).
4. Change without regulatory effect amending subsection (a), repealing and adding new subsection (b) and amending Note filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).
5. Amendment filed 8-4-98; operative 9-3-98 (Register 98, No. 32).