Section 18234 Of Article 3. Disclosure And Loan Documents From California Financial Code >> Division 7. >> Chapter 3. >> Article 3.
18234
. An industrial loan company shall upon repayment of any loan
in full, cancel or plainly mark "paid" and return to the borrower or
person making final payment, the note evidencing the loan. If such
borrower is not otherwise obligated to such company, the company
shall release all security for such loan, endorse and return any
certificate of ownership, and return to the borrower any security
agreement, assignment, or order signed by the borrower, except such
as are a part of the court record in any action, or such as have been
delivered to a third person for the purpose of carrying out the
terms thereof.