Cal. Fin. Code § 18364

Current through the 2023 Legislative Session.
Section 18364 - Assignment or hypothecation of indebtedness due after order suspending payment of liabilities

After an order of suspending or limiting the payment of liabilities is effective and until that order is rescinded, the industrial loan company shall make no assignment or hypothecation of any indebtedness due to it from an investor without first crediting thereon the investment liability of the company to such investor-borrower.

Ca. Fin. Code § 18364

Added by Stats. 1976, Ch. 964.