Section 18209 Of Article 2. Terms And Maximum Charges From California Financial Code >> Division 7. >> Chapter 3. >> Article 2.

. An industrial loan company may make loans, purchase or discount notes, mortgages, contracts or other commercial paper insured by the Federal Housing Administrator, Veterans Administration, other federal agency or an agency of the state. Loans so insured may be made for a term up to but not to exceed the maximum permitted by such agencies.