California Financial Code ARTICLE 1 - General
- Section 14950.
(a) Every credit union may enter into obligations with its members upon the approval of the credit committee or, in the alternative, the credit manager, subject...
- Section 14952.
(a) The board of directors of a credit union shall establish the maximum amount that the credit union may lend to a member under 18 years...
- Section 14953.
(a) Any extension of credit in excess of the unsecured loan limit set by the board of directors pursuant to Section 15100 shall be secured either...
- Section 14954.
For the purposes of this chapter, a person who is not an applicant for an extension of credit or the creation of an obligation with...
- Section 14955.
“Security” includes, but is not limited to, the following:(a) A note endorsed by any member of the credit union or by any other person. (b) Any obligation...
- Section 14957.
Whenever the directors, the credit committee, or if applicable, the credit manager, deem any loan unsafe, they may require additional security to be given by...
- Section 14958.
A credit union may participate in guaranteed loan programs of the federal or state governments, subject to the limitations on loans set forth in this...
- Section 14959.
(a) A credit union may participate in loans made to its members jointly with other credit unions, corporations or financial organizations.(b) A credit union may participate in...
- Section 14960.
(a) Any credit union that extends consumer credit to a covered borrower, as those terms are defined in Part 232 (commencing with Section 232.1) of Subchapter...
- Section 14961.
Any licensee that violates any provision of any of the following federal acts or regulations violates this division:(a) The federal Real Estate Settlement Procedures Act, as...
Last modified: October 22, 2018