BlackletterCalifornia law

Financial Code § 461

CHAPTER 4. Operations

Current as of September 28, 2026Fin. Code, § 461Official source ↗

Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.

Any debt due a licensee on which interest is past due and unpaid for the period of one year shall be charged off, unless the debt is well secured or is in process of collection.