ARTICLE 10. Finance Leasing

Article 10 added by Stats. 1984, Ch. 225, Sec. 8.

§§ 7700.3–7704 · 5 sections

• § 7700.3 An association may engage in leasing activities that are the functional equivalent of lending, subject to the limitations of Sections 7701 to 7704, inclusive.
• § 7701 An association may become the legal or beneficial owner of tangible personal property or real property for the purpose of leasing such property, may obtain an…
• § 7702 (a) A lease of tangible personal property made to a natural person for personal, family, or household purposes pursuant to this section shall be subject to all…
• § 7703 For the purposes of this article: (a) A “net lease” is a lease under which the association will not, directly or indirectly, provide or be obligated to provide…
• § 7704 If, in good faith, an association believes that there has been an unanticipated change in conditions that threatens its financial position by significantly…