Section 18207 Of Article 2. Terms And Maximum Charges From California Financial Code >> Division 7. >> Chapter 3. >> Article 2.

. An industrial loan company may make a consumer loan that is not secured primarily by real property or other type of loan which is repayable at maturity by a single payment which includes principal and charges. In no event shall such loans have a term in excess of one year or be made for the purpose of evading or avoiding this division.