Brack v. Omni Loan Co.
The principal defendant in this class action lawsuit, respondent Omni Loan Company, Ltd. (Omni),[1]a Nevada corporation, engaged in consumer lending in California. Although Omni's activities would otherwise be subject to the California Finance Lenders Law (Finance Lenders Law) (Fin. Code,[2] 22000 et seq.), under choice-of-law provisions in Omni's loan agreements borrowers agreed Omni's loans would be governed by the law of Nevada. Court conclude this choice of Nevada law is not enforceable.
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