California Financial Code ARTICLE 2 - Loans to Insiders

• Section 1360.
  It is the intent of the Legislature that the provisions of this article, insofar as they are contained in Regulation O (12 C.F.R. Part 215)...
• Section 1361.
  As used in this article:(a) “Bank” means:(1) Any commercial bank, industrial bank, or trust company incorporated under the laws of this state.(2) Any foreign (other nation) bank that...
• Section 1362.
  Sections 215.2, 215.3, 215.4, 215.5, 215.8, and 215.9 of Regulation O in all of their particulars, including footnotes, are hereby referred to, incorporated by reference...
• Section 1363.
  No bank shall extend credit in an aggregate amount greater than the amount permitted in paragraph (4) of subdivision (c) of Section 215.5 of Regulation...
• Section 1364.
  In making any extension of credit that is subject to this article, a bank shall comply with all other applicable provisions of this division relating...
• Section 1365.
  No provision of this article or of Article 3 (commencing with Section 1480) of Chapter 14 shall apply to an advance of money made by...
• Section 1366.
  A bank may make a loan, otherwise complying with the provisions of this division, for the benefit of a trust, notwithstanding that the bank or...
• Section 1367.
  Any bank that makes an extension of credit in violation of this article is subject to a civil penalty pursuant to Section 329. Any person,...

Last modified: October 22, 2018