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California Financial Code

§ 1461

FIN § 1461 Effective Jan 1, 2012Div. 1.1 · Ch. 14 · Art. 1

Statute text

View on leginfo.ca.gov
Assets hypothecated by a commercial bank as security for moneys borrowed shall not exceed in value the amount borrowed by more than 50 percent except with the prior written consent of the commissioner.

Legislative history

Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.

Source: California Financial Code § 1461 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.