California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 7. INDUSTRIAL LOAN COMPANIES |
Chapter 1. General Provisions |
ARTICLE 1. Definitions |
Section 18009.
Latest version.
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"Principal amount", as used in this division, means the net amount of money, credit, goods, or things in action received by the debtor or borrower or disbursed on the borrower's instructions at the time of entering into the transaction.
(Added by Stats. 1976, Ch. 964.)