BlackletterCalifornia law

Financial Code § 7459

ARTICLE 5. Investment in Loans

Current as of September 28, 2026Fin. Code, § 7459Official source ↗

Added by Stats. 1985, Ch. 656, Sec. 2.

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.