ARTICLE 5. Investment in Loans [7450. - 7462.]
Article 5 added by Stats. 1983, Ch. 1091, Sec. 2.
§§ 7450–7462 · 14 sections
- § 7450 (a) An association may make any loan authorized by this division, but the association shall first determine that the type, amount, purpose, and repayment…
- § 7450.2 Except with the prior written consent of the commissioner, no association shall knowingly make: (a) Any loan to any corporation of which 10 percent or more of…
- § 7451 Except as otherwise provided by the commissioner, an association shall not make or acquire total loans with respect to one borrower or on one project in an…
- § 7452 (a) An association may make consumer loans, provided that the total of such loans shall not exceed 30-percent of the assets of the association. (b) An…
- § 7453 (a) An association may make, invest in, sell, purchase, participate in, or otherwise deal in secured or unsecured loans for agricultural, business, commercial,…
- § 7454 Each association is authorized to issue credit cards, extend credit in connection with the cards, and otherwise engage in or participate in credit card…
- § 7455 No association or director, officer, or employee of an association shall require, as a condition to the granting of any loan or the extension of any other…
- § 7456 Any loan commitment made by an association shall be counted as an investment and shall be included in total assets of the association only to the extent that…
- § 7457 An association may make loans on the security of its savings accounts, whether or not the borrower is the owner of the account, subject to the limitations of…
- § 7458 An association may make overdraft loans specifically related to transaction accounts, subject to regulations issued by the commissioner.
- § 7459 In addition to establishing reserves pursuant to Section 6476, an association or federal association, as defined in Section 5102, may establish a separate loan…
- § 7460 (a) Notwithstanding Section 726 of the Code of Civil Procedure or any other provision of law to the contrary, an association, a federal association, an…
- § 7461 The provisions of any deed of trust or mortgage on real property which authorize an association, federal association, affiliate or service corporation of an…
- § 7462 The provisions of any deed of trust or mortgage on real property which authorize an association, federal association, affiliate or service corporation of an…