This section creates and authorizes an exempt class of persons pursuant to § 1 of Article XV of the California Constitution. The restrictions upon rates of interest contained in § 1 of Article XV of the California Constitution shall not apply to any evidence of indebtedness purchased by any licensee.

(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)

Terms Used In California Corporations Code 28405

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  Previous section
Next section  
 Chapter 6 Contents