California Statutes
§ 1321. — 1321. (Added by Stats. 2011, Ch. 243, Sec. 3.)
California § 1321.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 1.1.DIVISION 1.1. BANKING
Ch. 10.CHAPTER 10. Restrictions and Prohibited Practices
Art. 1.ARTICLE 1. General Provisions
This text of California § 1321. (1321. (Added by Stats. 2011, Ch. 243, Sec. 3.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Financial Code - FIN Code § 1321. (2026).
Text
Any real property not held for any purpose permitted by subdivisions (a) and (e) of Section 1320 shall be sold whenever the same can be sold for an amount sufficient to reimburse the bank or trust company for all loss arising out of the loan for which such real property was security or arising out of the original investment. A bank or trust company shall not by the retention of any real property acquired pursuant to this section engage in any business not authorized by this division
except to the extent necessary in the orderly liquidation of an indebtedness owing to the bank.
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Legislative History
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.
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Bluebook (online)
California § 1321., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/1321..