California Financial Code

§ 15050

FIN § 15050 Effective Jan 1, 2025Div. 5 · Ch. 7 · Art. 3

Statute text

(a)For purposes of this section:

(1)“Credit manager” means any individual, regardless of title, designated pursuant to Section 14600 to fulfill the duties of a credit manager.

(2)“Obligation” means any loan or approved line of credit, including both used and unused portions, on which the official is a borrower, coborrower, cosigner, endorser, or guarantor.

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Legislative history

Amended by Stats. 2024, Ch. 305, Sec. 9. (AB 2062) Effective January 1, 2025.