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