ARTICLE 3. Loan Limits [1480. - 1498.]
Article 3 added by Stats. 2011, Ch. 243, Sec. 3.
§§ 1480–1498 · 19 sections
- § 1480 For the purpose of this article: (a) “Obligations” means the total sums for the payment of which a person is obligated, primarily or secondarily, to a…
- § 1481 The obligations, as defined in Section 1480, excepting the obligations described in Section 1485 and the obligations described in Section 1483, of any one…
- § 1482 An obligation shall not be deemed secured by personal property or collateral unless the personal property or collateral held as security is of a kind which has…
- § 1483 (a) In addition to the limitations contained in Section 1481 a commercial bank may issue letters of credit and a commercial bank may accept drafts or bills of…
- § 1484 With the approval of the commissioner a commercial bank may accept drafts or bills of exchange drawn upon it having not more than three months’ sight to run,…
- § 1485 The limitations of Section 1481 shall not apply to the following and the following shall not be included among the obligations of a person for the purpose of…
- § 1486 A commercial bank may lend on the security of a first lien on real property or a first lien on a leasehold under a lease which does not expire, or which has…
- § 1487 (a) The provisions of any deed of trust or mortgage on real property which authorize any state or nationally chartered bank to accelerate the maturity date of…
- § 1488 The provisions of any deed of trust or mortgage on real property which authorize any state or nationally chartered bank to receive and control the disbursement…
- § 1489 A commercial bank may lend on the security of a first lien on real property or a first lien on a leasehold under a lease which does not expire, or which has…
- § 1490 A commercial bank shall not lend in the aggregate more than 5 percent of its assets upon the security of the stock of any one corporation or upon the security…
- § 1491 No loan shall be made by any commercial bank upon the securities of one or more corporations, the payment of which loan is undertaken, in whole or in part,…
- § 1492 Nothing in this chapter restricts a commercial bank in taking any lien on or pledge of any property as additional security for a loan already made in good…
- § 1493 A commercial bank holding a first lien on real property may take, or purchase and hold, or loan upon another and immediately junior lien but all such loans…
- § 1494 A commercial bank may lend on the security of a first security interest on stock or a membership certificate issued to a tenant-stockholder or resident-member…
- § 1495 (a) A commercial bank may make amortized loans upon the security of residential real property to finance the purchase and installation of material or equipment…
- § 1496 For the purpose of determining whether any loan or investment is secured by a first lien on real property as required by any provision of this division, none…
- § 1497 No loan made by any bank in excess of any limitations contained in this division or which is made in violation of any of the provisions of this division shall…
- § 1498 (a) Any state-chartered bank that extends consumer credit to a covered borrower, as those terms are defined in Part 232 (commencing with Section 232.1) of…