California Statutes
§ 461. — 461. (Added by Stats. 2011, Ch. 243, Sec. 2.)
California·Code FIN Financial Code - FIN·Div. 1. DIVISION 1. FINANCIAL INSTITUTIONS·Ch. 4. CHAPTER 4. Operations
Any debt due a licensee on which interest is past due and unpaid for the period of one year shall be charged off, unless the debt is well secured or is in process of collection.
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California § 461. (461. (Added by Stats. 2011, Ch. 243, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.