§ 14957. — 14957. (Amended by Stats. 1983, Ch. 89, Sec. 10.)

California § 14957.

• Jurisdiction: California
• Code FIN: Financial Code - FIN
• Div. 5.: DIVISION 5. CREDIT UNIONS
• Ch. 7.: CHAPTER 7. Loans
• Art. 1.: ARTICLE 1. General

Text

Whenever the directors, the credit committee, or if applicable, the credit manager, deem any loan unsafe, they may require additional security to be given by the borrower, and if such security is not furnished as required, they may declare the loan due and take action to collect the same.

Legislative History

Amended by Stats. 1983, Ch. 89, Sec. 10.