§ 18030 Industrial Loan Company Record Retention

Financial Code·California

AI SummaryVerified

This law requires industrial loan companies to keep their books, accounts, records, and any related cards for at least two years after the last entry about a loan or purchased obligation.

Key Takeaways

•Keep all loan and obligation records for a minimum of two years after the final entry.
•Include any cards used in a card system if one exists.
•The preservation period starts after the last entry is made.

Example

An industrial loan company finishes recording a new loan on June 15, 2025.

The company must keep all related paperwork and any card system records until at least June 15, 2027, when the two‑year period ends.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 18030 Industrial Loan Company Record Retention

Each industrial loan company shall preserve the books, accounts, and records, including cards used in the card system, if any, for a least two years after making the final entry on any loan or purchased obligation recorded therein. (Added by Stats. 1976, Ch. 964.)

Last verified: January 11, 2026

Key Terms

industrial loan company books accounts records card system two years final entry loan purchased obligation

References

Official text at leginfo.legislature.ca.gov
California Legislature. Financial Code. Section 18030.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References