California Statutes
§ 7451. — 7451. (Amended by Stats. 1990, Ch. 1118, Sec. 42.)
California·Code FIN Financial Code - FIN·Div. 2. DIVISION 2. SAVINGS ASSOCIATION LAW·Ch. 6. CHAPTER 6. Investment Operations·Art. 5. ARTICLE 5. Investment in Loans
Except as otherwise provided by the commissioner, an association shall not make or acquire total loans with respect to one borrower or on one project in an amount exceeding 25 percent of the net worth of the association. As used in this section, “one borrower” has the meaning defined in Section 7453.
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California § 7451. (7451. (Amended by Stats. 1990, Ch. 1118, Sec. 42.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1990, Ch. 1118, Sec. 42.