Article 4. Credit Cards of California Financial Code >> Division 7. >> Chapter 3. >> Article 4.
(a) Subject to any regulations that the commissioner may
issue, an industrial loan company may issue credit cards and may
acquire or hold obligations resulting from the use of credit cards.
(b) Except as the commissioner may otherwise provide by regulation
or order, the acquiring and holding of obligations pursuant to
subdivision (a) are not subject to Article 2 (commencing with Section
18205) or Article 6.5 (commencing with Section 18300).