California Financial Code

§ 7451

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 7451Div. 2 · Ch. 6 · Art. 5

Statute text

View on leginfo.ca.gov

Except as otherwise provided by the commissioner, an association shall not make or acquire total loans with respect to one borrower or on one project in an amount exceeding 25 percent of the net worth of the association. As used in this section, “one borrower” has the meaning defined in Section 7453.

Legislative history

Amended by Stats. 1990, Ch. 1118, Sec. 42.