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HomeFinancial CodeDiv. 9Ch. 2Art. 2§ 22250 Large Loan Exemptions

§ 22250 Large Loan Exemptions

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 22250 Large Loan Exemptions

Key Takeaways

  • •Some loan rules don't apply to big loans of $10,000 or more.
  • •Other loan rules don't apply to loans of $5,000 or more.
  • •These exceptions only work if you're not trying to trick the system.
  • •Licensed money lenders also get these exceptions for big loans.

Example

You borrow $15,000 from a bank to buy a car.

Some of the usual loan rules won't apply to this big loan, as long as the bank isn't trying to avoid the law.

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

Official Source
View on CA.gov

§ 22250 Large Loan Exemptions

(a) The following sections do not apply to any loan of a bona fide principal amount of ten thousand dollars ($10,000) or more, or to a duly licensed finance lender in connection with any such loan or loans, if the provisions of this section are not used for the purpose of evading this division: Sections 22154, 22155, 22201, 22202, 22307, 22313, 22314, 22315, 22322, 22323, 22325, 22334, and 22752, and the sections enumerated in subdivision (b). (b) The following sections do not apply to any loan of a bona fide principal amount of five thousand dollars ($5,000) or more, or to a duly licensed finance lender in connection with any such loan or loans, if the provisions of this section are not used for the purpose of evading this division: Sections 22300, 22305, and 22306, subdivision (a) of Section 22307, and Sections 22309, 22320.5, 22326, 22327, 22400, and 22751. (Amended by Stats. 2019, Ch. 708, Sec. 3. (AB 539) Effective January 1, 2020.)

Last verified: January 23, 2026

Key Terms

bona fide principal amountevading this divisionduly licensed finance lender

Related Statutes

  • § 22251 Loan Amount Compliance Rules
  • § 21051 Loan Rate Exemption Threshold
  • § 100007 License Application Requirements
  • § 100008 Fbi Background Check Requirement
  • § 100009 Debt Collection License Investigation

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 22250.
View Official Source