California Financial Code ARTICLE 5 - Investment in Loans

• Section 7450.
  (a) An association may make any loan authorized by this division, but the association shall first determine that the type, amount, purpose, and repayment provisions of...
• Section 7450.2.
  Except with the prior written consent of the commissioner, no association shall knowingly make:(a) Any loan to any corporation of which 10 percent or more of...
• Section 7451.
  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...
• Section 7452.
  (a) An association may make consumer loans, provided that the total of such loans shall not exceed 30-percent of the assets of the association.(b) An association may...
• Section 7453.
  (a) An association may make, invest in, sell, purchase, participate in, or otherwise deal in secured or unsecured loans for agricultural, business, commercial, or corporate purposes,...
• Section 7454.
  Each association is authorized to issue credit cards, extend credit in connection with the cards, and otherwise engage in or participate in credit card operations....
• Section 7455.
  No association or director, officer, or employee of an association shall require, as a condition to the granting of any loan or the extension of...
• Section 7456.
  Any loan commitment made by an association shall be counted as an investment and shall be included in total assets of the association only to...
• Section 7457.
  An association may make loans on the security of its savings accounts, whether or not the borrower is the owner of the account, subject to...
• Section 7458.
  An association may make overdraft loans specifically related to transaction accounts, subject to regulations issued by the commissioner.(Added by Stats. 1984, Ch. 868, Sec. 11.3.)
• Section 7459.
  In addition to establishing reserves pursuant to Section 6476, an association or federal association, as defined in Section 5102, may establish a separate loan reserve...
• Section 7460.
  (a) Notwithstanding Section 726 of the Code of Civil Procedure or any other provision of law to the contrary, an association, a federal association, an affiliate...
• Section 7461.
  The provisions of any deed of trust or mortgage on real property which authorize an association, federal association, affiliate or service corporation of an association...
• Section 7462.
  The provisions of any deed of trust or mortgage on real property which authorize an association, federal association, affiliate or service corporation of an association...

Last modified: October 22, 2018