{"code":"FIN","codeName":"Financial Code","section":"14954","citation":"Fin. Code, § 14954","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 7. Loans [14950. - 15103.]","url":"https://blackletter.si/financial-code/division-5/chapter-7"},{"name":"ARTICLE 1. General [14950. - 14961.]","url":"https://blackletter.si/financial-code/division-5/chapter-7/article-1"}],"history":"Amended by Stats. 1985, Ch. 951, Sec. 14.","effective":null,"html":"<p>For the purposes of this chapter, a person who is not an applicant for an extension of credit or the creation of an obligation with the credit union but guarantees performance of the underlying obligation is a surety. A surety may act as security pursuant to subdivision (a) of Section <a href=\"/fin/14955\">14955</a>.</p>","text":"For the purposes of this chapter, a person who is not an applicant for an extension of credit or the creation of an obligation with the credit union but guarantees performance of the underlying obligation is a surety. A surety may act as security pursuant to subdivision (a) of Section 14955.","otherVersions":[],"url":"https://blackletter.si/financial-code/general-14954","source":"California Legislative Information bulk export (pubinfo)"}