California Statutes
§ 7456. — 7456. (Added by Stats. 1984, Ch. 225, Sec. 7.)
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
Any loan commitment made by an association shall be counted as an investment and shall be included in total assets of the association only to the extent that funds have been advanced (and not repaid) pursuant to the commitment. For the purposes of this section, the term “loan commitment” includes a loan in process, a letter of credit, or any other commitment to extend credit.
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California § 7456. (7456. (Added by Stats. 1984, Ch. 225, Sec. 7.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1984, Ch. 225, Sec. 7. Effective June 21, 1984.