§ 18207 Consumer Loan Term Limits
This law says that certain companies can give out small loans that must be paid back in one payment within a year, but they can't use this to trick people or avoid other rules.
You need $500 to fix your car and go to a loan company.
They can give you the money, but you have to pay it all back, plus extra fees, in one go within a year. They can't make the loan last longer than a year or use it to get around other loan rules.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 18207 Consumer Loan Term Limits
Last verified: January 11, 2026