BlackletterCalifornia law

Financial Code § 7459

ARTICLE 5. Investment in Loans

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

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.