BlackletterCalifornia law

Financial Code § 14957

ARTICLE 1. General

Current as of September 28, 2026Fin. Code, § 14957Official source ↗

Amended by Stats. 1983, Ch. 89, Sec. 10.

Whenever the directors, the credit committee, or if applicable, the credit manager, deem any loan unsafe, they may require additional security to be given by the borrower, and if such security is not furnished as required, they may declare the loan due and take action to collect the same.