California Financial Code ARTICLE 3 - Loan Limits

• Section 1480.
  For the purpose of this article:(a) “Obligations” means the total sums for the payment of which a person is obligated, primarily or secondarily, to a commercial...
• Section 1481.
  The obligations, as defined in Section 1480, excepting the obligations described in Section 1485 and the obligations described in Section 1483, of any one person...
• Section 1482.
  An obligation shall not be deemed secured by personal property or collateral unless the personal property or collateral held as security is of a kind...
• Section 1483.
  (a) In addition to the limitations contained in Section 1481 a commercial bank may issue letters of credit and a commercial bank may accept drafts or...
• Section 1484.
  With the approval of the commissioner a commercial bank may accept drafts or bills of exchange drawn upon it having not more than three months’...
• Section 1485.
  The limitations of Section 1481 shall not apply to the following and the following shall not be included among the obligations of a person for...
• Section 1486.
  A commercial bank may lend on the security of a first lien on real property or a first lien on a leasehold under a lease...
• Section 1487.
  (a) The provisions of any deed of trust or mortgage on real property which authorize any state or nationally chartered bank to accelerate the maturity date...
• Section 1488.
  The provisions of any deed of trust or mortgage on real property which authorize any state or nationally chartered bank to receive and control the...
• Section 1489.
  A commercial bank may lend on the security of a first lien on real property or a first lien on a leasehold under a lease...
• Section 1490.
  A commercial bank shall not lend in the aggregate more than 5 percent of its assets upon the security of the stock of any one...
• Section 1491.
  No loan shall be made by any commercial bank upon the securities of one or more corporations, the payment of which loan is undertaken, in...
• Section 1492.
  Nothing in this chapter restricts a commercial bank in taking any lien on or pledge of any property as additional security for a loan already...
• Section 1493.
  A commercial bank holding a first lien on real property may take, or purchase and hold, or loan upon another and immediately junior lien but...
• Section 1494.
  A commercial bank may lend on the security of a first security interest on stock or a membership certificate issued to a tenant-stockholder or resident-member...
• Section 1495.
  (a) A commercial bank may make amortized loans upon the security of residential real property to finance the purchase and installation of material or equipment designed...
• Section 1496.
  For the purpose of determining whether any loan or investment is secured by a first lien on real property as required by any provision of...
• Section 1497.
  No loan made by any bank in excess of any limitations contained in this division or which is made in violation of any of the...
• Section 1498.
  (a) Any state-chartered bank that extends consumer credit to a covered borrower, as those terms are defined in Part 232 (commencing with Section 232.1) of Subchapter...

Last modified: October 22, 2018