California Codes, Business and Professions Code - BPC, Division 4 — Real Estate, Part 1 — Licensing of Persons, Chapter 3 — Real Estate Regulations, Article 7 — Real Property Loans, Section 10247
The provisions of this article pertaining to maximum costs and expenses, charges and interest, together with the penalties stated in this article, shall apply to any transaction involving a third party as a purported lender or any other transaction which is used as a subterfuge or means of avoiding or evading the provisions of this article.
Notes
Extends the article’s limits on maximum costs, expenses, charges, and interest, together with its penalties, to transactions using a third party as a purported lender or any other arrangement used as a subterfuge to avoid or evade the article. The rule applies anti-evasion protections despite the transaction’s nominal form.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 10247 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-4/part-1/chapter-3/article-7/section-10247