{"code":"FIN","codeName":"Financial Code","section":"7459","citation":"Fin. Code, § 7459","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 2. SAVINGS ASSOCIATION LAW [5000. - 10009.]","url":"https://blackletter.si/financial-code/division-2"},{"name":"CHAPTER 6. Investment Operations [7200. - 7800.]","url":"https://blackletter.si/financial-code/division-2/chapter-6"},{"name":"ARTICLE 5. Investment in Loans [7450. - 7462.]","url":"https://blackletter.si/financial-code/division-2/chapter-6/article-5"}],"history":"Added by Stats. 1985, Ch. 656, Sec. 2.","effective":null,"html":"<p>In addition to establishing reserves pursuant to Section <a href=\"/fin/6476\">6476</a>, an association or federal association, as defined in Section <a href=\"/fin/5102\">5102</a>, may establish a separate loan reserve account regarding losses resulting from fraud by a borrower and may recover any of those losses from that borrower.</p>","text":"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 account regarding losses resulting from fraud by a borrower and may recover any of those losses from that borrower.","otherVersions":[],"url":"https://blackletter.si/financial-code/investment-in-loans-7459","source":"California Legislative Information bulk export (pubinfo)"}