{"code":"FIN","codeName":"Financial Code","section":"14703","citation":"Fin. Code, § 14703","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 5. CREDIT UNIONS [14000. - 16906.]","url":"https://blackletter.si/financial-code/division-5"},{"name":"CHAPTER 4. Management and Operations [14400. - 14768.]","url":"https://blackletter.si/financial-code/division-5/chapter-4"},{"name":"ARTICLE 7. Reserves [14700. - 14703.]","url":"https://blackletter.si/financial-code/division-5/chapter-4/article-7"}],"history":"Amended by Stats. 2004, Ch. 324, Sec. 2.   Effective January 1, 2005.","effective":"2005-01-01","html":"<p>A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of the account is not adequate.</p>","text":"A credit union shall establish and maintain an allowance-for-loan-losses account in accordance with generally accepted accounting principles. The commissioner may order the credit union to increase the amount of its allowance-for-loan-losses account if the commissioner finds that the amount of the account is not adequate.","otherVersions":[],"url":"https://blackletter.si/financial-code/reserves-14703","source":"California Legislative Information bulk export (pubinfo)"}