California Statutes
§ 7452. — 7452. (Amended by Stats. 1984, Ch. 225, Sec. 5.)
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
(a)An association may make consumer loans, provided that the total of such loans shall not exceed 30-percent of the assets of the association.
(b)An association may include loans to dealers in consumer goods to finance inventory and floor planning in the total investment as part of the 30-percent limitation described in subdivision (a). For purposes of the limitations on loans to one borrower, loans to dealers in consumer goods to finance inventory and floor planning shall be treated as commercial loans.
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California § 7452. (7452. (Amended by Stats. 1984, Ch. 225, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1984, Ch. 225, Sec. 5. Effective June 21, 1984.