California Financial Code ARTICLE 10 - Finance Leasing

• Section 7700.3.
  An association may engage in leasing activities that are the functional equivalent of lending, subject to the limitations of Sections 7701 to 7704, inclusive.(Added by...
• Section 7701.
  An association may become the legal or beneficial owner of tangible personal property or real property for the purpose of leasing such property, may obtain...
• Section 7702.
  (a) A lease of tangible personal property made to a natural person for personal, family, or household purposes pursuant to this section shall be subject to...
• Section 7703.
  For the purposes of this article:(a) A “net lease” is a lease under which the association will not, directly or indirectly, provide or be obligated to...
• Section 7704.
  If, in good faith, an association believes that there has been an unanticipated change in conditions that threatens its financial position by significantly increasing its...

Last modified: October 22, 2018