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Section 31824 Of Article 2. Conflicts Of Interest From California Financial Code >> Division 15. >> Chapter 12. >> Article 2.
31824
. It shall be unlawful for any licensee or for any associate
of a licensee, directly or indirectly, to borrow money from:
(a) Any person to which such licensee has provided, or has committed to provide, financing assistance;
(b) Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or
(c) Any close relative of any person referred to in subdivision (b).
(a) Any person to which such licensee has provided, or has committed to provide, financing assistance;
(b) Any director of, officer of, or person who owns a 10 percent or greater equity interest in, any person referred to in subdivision (a); or
(c) Any close relative of any person referred to in subdivision (b).
